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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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.
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As one wave of African loan signings approaches its end, bankers are already speaking of another being on the way by the end of February. -
South Africa's Eskom is on track to price its first bond since 2013 and is talking a new 10 year at mid-7%. Investors have responded positively to the offer so far, despite the ongoing problems faced by the state-owned electricity provider, according to bankers.
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Commerzbank is opening a representative office in Abidjan, the economic hub of Ivory Coast, and has appointed Konrad Engber as head of the five person team. He had previously been Commerzbank’s representative in Addis Ababa, Ethiopia, and Tripoli, Libya.
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Investec Bank is set to close a three year loan tomorrow (Wednesday) that will be bigger than its original $300m size.
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Bankers have disclosed the allocations for a recently closed loan for Liquid Telecom, the Mauritius-headquartered fixed line provider.
