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
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Afreximbank has tightened price guidance for a tap of its $500m 4.75% 2019s to 310bp-315bp over mid-swaps. A syndicate official away from the deal said that this equates to a 10-15bp premium over the pre-announcement trading level of the outstanding bond, which he called fair.
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The CEEMEA bond market is packed full of new issues as a least nine new issuers are confirmed as being on the road marketing new deals.
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Loans business is busy in several African countries, with two bank deals having been signed and a railway infrastructure financing package mandated. -
South African First Rand Bank has mandated Citi, Mitsubishi and Rand Merchant Bank to arrange a dollar Reg S bond.
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Sappi, the Austrian-South African paper maker, is considering new debt issuance in the coming year, as it seeks to refinance part of its debt and cut interest rate costs.
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Nigeria is set for a busy run of syndicated loans, with bankers saying there could be at least six deals before the end of the year and that two of those – for IHS and Helios Towers – could be up to $1bn each. But while loans officials are optimistic about African lending and Nigeria in particular, analysts suggested there could be a rush to beat the storm clouds gathering over the country’s economy in 2015.
