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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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.
