Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The country is unlikely to issue new dollar bonds in the near future despite a big rally in yields
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
More articles/Ad
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More articles
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African loans are set for a busy run to the end of the year, say bankers, with a number of deals likely to come in December, while others will spill over into the first quarter of 2015. -
Bahraini Islamic lender Ibdar Bank has completed a $100m financing deal with Ethiopian Airlines to acquire four new aircraft, which marks the first Sharia compliant transaction in Africa’s aviation industry.
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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.
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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.
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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.
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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.
