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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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Nigeria is not planning to tap the international debt capital markets in 2015, but its next conventional dollar bond will likely be a 30 year and the country is also considering other markets such as Asian currencies and sukuk, Abraham Nwankwo, director general of the country’s debt management office told GlobalCapital.
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Having used the proceeds of its recent landmark sukuk deal for pre-funding its 2015 borrowing requirement, South Africa is only planning to issue $1bn in the international debt capital markets next year.
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Lagos-based Zenith Bank launched an international syndicated loan on Thursday, extending a wave of loans for Nigerian borrowers.
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Egypt's Euroget de Invest failed to price its inaugural Eurobond on Wednesday despite widening price guidance to 12%.
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Anthony Julies will take over as the South African National Treasury’s head of asset and liability management before the end of the year.
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Votes are rolling in to decide this year’s winners of the GlobalCapital Syndicated Loans and Leveraged Finance Awards. There is still time to complete the poll, but the deadline is fast approaching.