Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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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. -
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.
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African private equity is feeling the effects of the wider capital flight from emerging markets and the downturn in commodity prices, but market participants say there are still fruitful investments to be made.
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Angola opened books on a long awaited Eurobond on Wednesday morning with price thoughts that instantly caused disagreement among debt bankers away from the deal.
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The Republic of Cameroon is embarking on a roadshow in Europe and the US on Thursday.
