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The familiar problem of inter-creditor opacity has also reappeared
Company in 'no doubt' a public trade would have delivered better pricing
As with other private placements from Africa, observers have questioned the merits of the format
Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
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After a rough ride for Zambian loans and bonds in recent months, state-owned power firm Zesco will finally sign its delayed seven year loan this week. -
South African Investec is refinancing a $335m credit facility and is increasing the size of the deal to $400m.
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Standard Bank has denied a Reuters news report on Tuesday it is ceasing business on the EM desk that focuses on high yield.
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As Africa Finance Corporation launches a $150m loan, other African development finance institutions are lining up to follow, according to bankers.
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Sociedade Nacional De Combustíveis De Angola (Sonangol) has completed a lengthy loan syndication for a $1bn five year loan, with Chinese banks taking big tickets, according to a banker on the deal.
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Standard Bank is in the market for two loans, a $750m deal for Standard Bank of South Africa and a deal for its Kenyan subsidiary, Stanbic Kenya, according to bankers.
