Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Even if ceasefire succeeds, investors will still want a risk premium
Demand allowed the bank to cut the yield by 35bp
The country offers huge potential and possible pitfalls for investors
A piece of very rare African senior bank issuance could also come this week
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Ivory Coast is marketing a 12 year amortising note. After receiving $4.7bn in orders for its 2024s last year, it has shrugged off a history of defaults.
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Curro, the Johannesburg-listed operator of private schools, plans to raise R740m ($64m) through a fully underwritten rights offer, less than a year after its last such transaction.
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An $800m loan for IHS Holding, the Nigerian telecom towers group, is greatly oversubscribed, according to bankers involved in the deal.
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Sonangol, the Angolan state oil company, is near to closing a $1.5bn loan.
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A decision in Nigeria to postpone the country’s general elections for six weeks due to the army’s increased fighting with Boko Haram has added to reasons not to bring bond or loan deals to market, with some bankers calling it a six week setback in the pipeline. But Nigerian telecom towers group IHS could still close its $800m loan this week, said bankers involved in the deal.
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South Africa’s Investec Bank closed a $400m three year loan last Friday, after increasing the size of the deal from an initial $300m on oversubscription.