Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Observers have questioned why the country is issuing debt at this price
The seven year dollar bond's yield will likely be one of the highest in CEEMEA in the last few years
The familiar problem of inter-creditor opacity has also reappeared
Company in 'no doubt' a public trade would have delivered better pricing
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Citi has promoted Aziz Rahman to head of corporate finance for sub-Saharan Africa, filling the role left vacant by Martin Mugambi late last year when he moved to become CCO of Zambia.
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Despite the strong success of several emerging market issuers — Halkbank, National Bank of Abu Dhabi, and Eustream — with bonds last week, other borrowers have refrained from issuing so far this week, leaving the focus on liability management, mandates and roadshows.
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South Africa’s Investec Bank has disclosed the pricing terms and banking book for the $400m loan it closed on Friday.
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The Republic of Cameroon has picked Société Générale and Standard Chartered Bank to arrange a bond, which looks likely to be up to $1.5bn.
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South Africa’s Investec Bank closed a $400m three year loan on Friday, after increasing the size of the deal from an initial $300m on oversubscription.
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Struggling South African electricity provider Eskom paid up to 40bp new issue premium to place its $1.25bn 10 year bond on Thursday. Investors responded positively to the offer, despite the ongoing problems faced by the state owned company, according to bankers.