Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
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
More articles/Ad
More articles/Ad
More articles
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As Ecobank syndicates one of the first Nigerian loans of the year, new lenders are joining the syndicate from Africa and, more surprisingly, the Middle East. -
South African media group Naspers has finished amending and extending a $2.25bn five year loan and has added another $250m to the deal size, taking it to $2.5bn.
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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.
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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.
