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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Mozambique’s debt story has been unravelling since the disclosure of some $1.4bn of additional public loans in April, but if anyone thought this painful tale of investor woe was enough to dampen appetite towards Africa, they’d be completely wrong. -
Moody’s has downgraded Mozambique with a negative outlook blaming weaker government willingness to honour its debt related obligations as a primary concern.
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South African state-owned electricity firm Eskom has signed $1.34bn of loans, arranged by African Development Bank. The financing includes what four bankers said was the largest ever ‘B’ loan tranche.
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The former head of loan syndication at African Development Bank has left for a role at a developmental financial institution in Cairo.
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It was a rough day for stocks on Wednesday, but a great day for equity capital markets, with two convertible bonds launched and priced — the first since the UK’s vote to quit the European Union was revealed on June 24. They came on top of a roaring reception for Melrose Industries’ announcement of a £1.7bn rights issue for an acquisition in the US.
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African Bank is gathering responses this week for a two tier buy-back of its outstanding dollar and Swiss franc debt in a bid to reduce its interest expense. The bank was bailed out by the Reserve Bank of South Afica in April.
