Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Company in 'no doubt' a public trade would have delivered better pricing
As with other private placements from Africa, observers have questioned the merits of the format
Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
Speed possible in the private placement market proves attractive, even if the issuer may pay a bit more for it
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Though Egypt is reeling from the central bank’s action to float its currency last month two Egyptian borrowers are in the market for hard currency loans this week, but unsecured corporate loans will be slower to come, said bankers. -
The busy equity block trade action in Europe since the US election has continued into its third week, though market participants are beginning to brace for the outcome of the Italian referendum on Sunday.
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Holders of South African assets face another nervous Friday waiting for a sovereign rating decision, this time from S&P.
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The Egyptian subsidiary of Abu Dhabi telecoms firm Etisalat is raising a $278m loan described as having “UAE pricing” because — despite the currency risks involved in Egyptian loans — the deal is secured by the borrower’s offshore foreign currency revenues, according to bankers.
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African Export-Import Bank (Afreximbank) signed a $872m loan this week at its lowest margin for a two year syndicated deal, according to two bankers on the deal. The borrower also increased the deal size from $600m in syndication.
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MTN Zakhele, a black economic empowerment scheme, has unwound its position in MTN Group, the South African mobile telecoms company, through the first block trade in the company’s shares for six years.
