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
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Moroccan fertilizer company OCP on Wednesday priced its second ever international bond deal just a few basis points back of its extrapolated curve, investors said.
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Moroccan fertilizer company OCP has released initial price guidance of 4.875% area for a 10.5 year dollar benchmark, offering around a 12.5bp new issue premium for the deal.
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Credit Suisse hired Edward Marlow last month as head of sub-Saharan Africa sales and coverage in fixed income.
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Chevron Nigeria will hold a meeting with banks in London on Monday next week as it looks to build commitments for a $1.2bn loan.
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Surprisingly weak Chinese trade data has triggered receiving in 5-10 year CNY NDIRS while an uptick in the USD/CNY fix has backed a short-end swap bid. The curve has flattened accordingly. Meanwhile, China has signed a swap deal with South Africa, writes Deirdre Yeung of Total Derivatives.
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Chevron Nigeria, which has extensive oil production operations in onshore and offshore Nigeria under a joint venture with Nigeria National Petroleum Corp, has launched a $1.2bn loan with dollar and naira tranches.