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
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South African gold miner AngloGold Ashanti has pulled a plan that would have seen it launch a $2bn capital raise alongside a wholesale restructuring after investors balked at the plan. -
The Republic of South Africa has set the tenor on its prospective debut sukuk, and plans to release initial price thoughts early this week. The borrower’s conventional bonds widened 5bp Monday, which some debt bankers away from the deal ascribed to the National Treasury’s plan to close the funding gap for state electricity provider Eskom. But others argued it was in line with wider market weakness.
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Nigerian interdealer broker Parthian Partners has signed a joined venture agreement with global interdealer broker Tullett Prebon, which could boost liquidity in the country’s interest rate derivatives and non-deliverable forwards.
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Ghana's lead managers defended what looked like a low multiple of oversubscription on the sovereign's Thursday $1bn bond deal as they released the final book size, pointing to the quality of the orders received.
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Ian Hannam and Neil Passmore’s EM boutique firm Strand Partners has rebranded as Hannam & Partners, folding an existing clutch of businesses together but reaffirming its business strategy.
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The Republic of Ghana returned to the international bond markets on Thursday, pricing a $1bn 2026 amortising bond to yield 8.25%, despite worries about the country's fiscal position and a weakening currency.
