Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The country offers huge potential and possible pitfalls for investors
A piece of very rare African senior bank issuance could also come this week
African issuers are dominating CEEMEA issuance
The company's curve has massively outperformed the South African sovereign this month
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Sociedade Nacional De Combustiveis 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.
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International Finance Corp (IFC) is set to offer a funding lifeline to Nigeria’s banks after the country sought emergency loans this weekend.
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The Central Bank of Nigeria decided on Tuesday to leave its rates on hold but, despite concerns that that would create further difficulties for the economy, Nigeria’s Eurobonds rallied 30bp overnight as investors focused more on oil prices than policy decisions.
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The Central Bank of Nigeria decided on Tuesday to leave its rates on hold, but despite concerns that this will plunge the economy into further difficulties, Nigeria’s Eurobonds rallied 30bp over-night as investors focus more on oil prices than policy decisions.
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Markets opened with a more positive tone on Monday after comments from Saudi Arabia buoyed oil prices and the European Central Bank boosted confidence last week. But with many US bankers snowed in at home, EM issuers are holding back.