Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Cameroon has released price guidance at 9.75% area for an amortising dollar benchmark, lining it up to be one of the highest yielding CEEMEA sovereign bonds of the year. -
First City Monument Bank will close the first Nigerian bank loan of the year, a $75m later today (Wednesday), according to a banker close to the deal.
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Nigeria’s First City Monument Bank (FCMB) will close a $75m loan this week, in a deal that cuts FCMB’s dollar syndicated loans from $150m to $75m.
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Angola’s years long journey to the Eurobond market ended this week with a hot 10 year deal, which soared in the secondary market. The importance of fresh cash for the dollar starved state overrode pricing criticism, while the deal laid down a marker for what oil states can do in bond markets. Steve Gilmore reports.
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The cash strapped Republic of Angola had its prayers answered with a successful $1.5bn Eurobond this week, which it priced some three years after first starting to pick leads. Rival bankers did not see eye to eye on final pricing, but the injection of foreign currency into the government’s coffers was still a boon for Angola’s finances, said analysts.
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South Africa’s Investec Bank is accessing the syndicated loan market for the fifth time this year, and is shaking things up by tapping Asian bank liquidity for a $100m three year borrowing.
