Most recent/Bond comments/Ad
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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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Lead bankers are finalising allocations for Kenya’s $600m sovereign loan and expect it to grow from its initial size.
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Standard Bank will pay $25.2m to the UK Treasury and will be required to pay the government of Tanzania a further $7m in compensation over its failure to prevent bribery. The fine relates to the winning of a mandate for Tanzania’s $600m private placement in 2013, the pricing of which was heavily criticised by bankers away from the deal.
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Nigeria’s Ecobank signed its $170m loan refinancing on Monday, the deal pays 1% more than the previous loan and has attracted four new lenders, despite a meagre showing of Nigerian deals this year.
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Kenya will issue its second infrastructure bond next week, said the governor of the Central Bank of Kenya, Patrick Njoroge.
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The Development Bank of Southern Africa is tightening ties with Japanese lenders in pursuit of cheaper funding, having signed a $250m loan with Japanese banks earlier this year.
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IFC has issued its first ever rand denominated green bond as it continues to expand its global programme of climate aware financing.