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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Imperial Mobility, the Johannesburg-listed vehicle leasing and logistics company, has signed a €350m loan with banks. -
Standard Chartered is sounding out Kenyan and international banks for a $500m loan for Kenya Power and Lighting Co that includes a World Bank guarantee.
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Choppies Enterprises, a Botswanan groceries retailer, has kicked off roadshows for a secondary listing worth about R1.4bn ($117m) on the Johannesburg Stock Exchange.
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Afren, the troubled oil exploration company, has decided not to pay the $12.8m of interest which was due on its 2019 bonds on April 8, 2015, despite having raised $200m of interim funding on April 30.
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Ghana National Cocoa Board (Cocobod) has entered the early bird senior phase of its annual loan, according to bankers involved in the deal.
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Afren, the troubled oil exploration company, has avoided imminent bankruptcy with a $200m lifeline credit facility. The money injection follows a tense restructuring process in which two Nigerian banks dictated terms to a group of global financial giants, writes Olivier Holmey.
