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Africa

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  • While some parts of the loan and bond markets show signs of settling themselves for the end of year slowdown, African and leveraged loans business is instead picking up the pace with a number of deals closing and in the works.
  • BNP Paribas declined the mandate for Thursday's Ethiopia bond for compliance reasons, according to three sources familiar with the situation. The exact reason for the French bank's refusal is unclear, but emerging market bankers in London say it is unlikely to indicate more widespread caution over the bond business, writes Francesca Young.
  • The African Development Bank has returned to the offshore South African rand bond market after 15 years away and is looking to enter the currency’s onshore market, as its typical forms of funding in the region have dried up.
  • BNP Paribas declined the mandate for Thursday's Ethiopia bond for compliance reasons, according to three sources familiar with the situation.
  • Two loans to African financials look imminent, said bankers on Thursday, with both Africa Finance Corporation in Nigeria and South Africa’s Standard Bank set to sign by next week.
  • The CEEMEA and Latin America bond markets have made a slow start to December with no international bonds from either region yet printed. Instead all hopes rest on an African sovereign still on the road.