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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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Investec Bank is looking to sign a three year loan with international lenders.
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Four Seasons Health Care — Gazprom — Angola — Addnode Group
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Bancassurer FirstRand on Tuesday sold 102m of its shares and 23.8m shares of its affiliate, the insurer MMI, in an oversubscribed accelerated bookbuild.
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South Africa’s Investec Bank is looking to sign a three year loan with international lenders.
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FirstRand, the South African bank, today launched an accelerated bookbuild for 102m of its shares and 23.8m shares of its affiliate, the insurer MMI. The blocks are worth about R4.93bn ($424m) and R700m ($60m) respectively.
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Angola has agreed two loans worth $250m each with Goldman Sachs and Gemcorp Capital as it looks to weather the financial strain caused by recently plummeting oil prices.