Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
African issuers are dominating CEEMEA issuance
The company's curve has massively outperformed the South African sovereign this month
Like Angola's, yields on Sasol bonds have fallen since the Middle East war began
Higher prices and concessions mean many issuers will wait for better days
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October was the busiest month for CEEMEA borrowers on record, with $37.5bn of new bonds issued. Even if Saudi Arabia’s $17.5bn mega deal was not included, volumes were way above the five year average of $14bn. But as the US elections approach, primary issuance has wound down.
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South Africa has announced a series of investor meetings that coincides with a half to three-quarters of a cash point rally of the country’s Eurobonds after fraud charges against finance minister Pravin Gordhan were dropped on Monday. -
The IPO of Dis-Chem Pharmacies, the South African retail pharmacy group, was covered at its largest possible size two working days into the bookbuild, as the South African rand rallied on news that finance minister Pravin Gordhan will no longer face fraud charges.
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The African Export-Import Bank has launched its new money loan into general syndication with 12 lead banks for three tranches of two and three years.
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South African assets rallied on Monday after its National Prosecuting Authority (NPA) dropped fraud charges against embattled finance minister Pravin Gordhan, setting a stronger tone for FirstRand Bank to engage with investors next week.
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Mozambique’s now infamous government 2023s sank to their lowest ever cash price this week, bottoming out at 57.5 cents as investors continue to digest the news that they will not be paid back in full. VTB Bank, one of the loan providers, has claimed to have been misled by the government.
