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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Kenya tapped its 2019 and 2024 bonds on Tuesday paying no premium, by some estimates, to its outstanding bonds and growing the longer dated deal to $2bn, the biggest single tranche from a sub-Saharan African borrower. -
The Republic of Kenya has released initial price thoughts for a tap of its $500m 2019s and $1.5bn 2020s that equate to a 20bp new issue premium. The tap will be priced later on Tuesday.
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The International Islamic Liquidity Management Corporation on Tuesday auctioned $590m of three month commercial paper style sukuk – increasing the amount of paper in circulation at reissue by $200m.
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South Africa’s FirstRand bank was the latest in a long line of pulled deals from CEEMEA on Thursday when it pulled a five year dollar bond on Thursday after announcing initial price thoughts.
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African loan bankers have picked up the pace as the window to complete deals before the end of the year starts to close. Among others, Liquid Telecom has come to market, while South Africa’s Standard Bank is looking for its second deal of recent months.
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MTN issuance in Africa could be set for a boom over the next six to 12 months, as dealers receive an increasing number of reverse enquiries.
