Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Standard Bank’s head of research for Africa has left the bank.
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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.
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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.