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
More articles/Ad
More articles/Ad
More articles
-
Mota-Engil, the Portuguese construction company, has floated a small stake in its African subsidiary on Euronext Amsterdam, through a spin-off without selling any stock.
-
Emerging market bankers believe there is only around a fortnight left for CEEMEA borrowers to tap the market. But investors showed they were still keen active this week as two African sovereigns approached the market — Kenya printing a tap of the $2bn dual trancher it sold in June and Ethiopia announcing roadshow dates for a debut bond that bankers away from the deal said is likely to be a $1bn 10 year.
-
The International Finance Facility for Immunisation (IFFIm) has priced a $500m debut sukuk at just 15bp over three month Libor, the tight end of its earlier 15bp-17bp guidance range. -
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.
-
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.
