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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In an otherwise subdued African loan market, commitments for a $150m deal for Africa Finance Corporation were due on Thursday, according to a banker on the deal. -
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.
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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.
