Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Underwriting left unused after deal is 33% oversubscribed
Simbah Mutasa and Sjoerd Van Hooijdonk step up from regional leadership roles
New government is seeking an IMF deal, which will likely require a debt rework
Paying off external arrears will help get an IMF deal over the line
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Holders of South African assets face another nervous Friday waiting for a sovereign rating decision, this time from S&P. -
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.
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South African assets were facing another week of uncertainty as reports emerged on Monday that ANC leaders were preparing a vote of no confidence against president Jacob Zuma and traders warned of the potential for a ratings downgrade on Friday.
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The busy equity block trade action, widely predicted by ECM bankers when the US presidential election produced a bounce in share prices, has continued this week with a string of sales totalling over $1.5bn.
