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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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.
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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. The bond would be Cameroon’s debut.
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South Africa is turning its attention to the domestic sukuk market following its international debut last year, the head of the country’s debt issuance department told GlobalCapital Emerging Markets.