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Underwriting left unused after deal is 33% oversubscribed
Simbah Mutasa and Sjoerd Van Hooijdonk step up from regional leadership roles
New government is seeking an IMF deal, which will likely require a debt rework
Paying off external arrears will help get an IMF deal over the line
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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.
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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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Puma Energy, the emerging markets-focused oil products storage and distribution firm, on Tuesday announced plans to raise more money with private placements to expand its activities in Africa, Asia and Latin America.
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Markit is preparing to launch what it said will be the first tradable emerging markets interest rate swap index.