Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Five year bond set to be priced much tighter than the development bank's last senior issue
Investors were eager to tender their bonds despite initial resistance
Inclusion of a variable rate instrument was not acceptable to official creditors
Oil producer's cost of funding has fallen hundreds of basis points since February
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PPC, the largest listed South African cement producer, has completed its fully underwritten 16-for-10 rights issue in Johannesburg, raising R4bn ($280m) to clear its debts in the wake of a downgrade by Standard & Poor’s.
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Bank of America Merrill Lynch has made a key hire for its South African investment banking business.
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PPC, the largest listed South African cement producer, has completed its fully underwritten rights issue in Johannesburg, raising R4bn ($280m) to clear its debts in the wake of a downgrade by Standard & Poor's.
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Ghana has bought back $200m of its outstanding 8.5% 2017s — just half of the targeted $400m. Emerging markets investors were happy to hold the bonds to maturity, said one on Monday. -
Gold One Group, which produces low-cost gold in South Africa and is part of the Citic Group, is laying the groundwork for a Hong Kong listing with a preliminary filing.
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Stanbic Bank Uganda this week decreased the size of its loan refinancing to $55m. Weaker appetite for dollars from Ugandan corporates and a prospective US rate hike were reasons for the smaller deal, the bank's CFO told GlobalCapital.
