Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ Why emerging market issuers are doing less in dollars ◆ Republic of Congo located between rock and hard place ◆ The GlobalCapital Podcast was brought to you by the numbers 17, 100 and the whole Alphabet
The yield was ultra high but Congo had little room to manoeuvre
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
Observers have questioned why the country is issuing debt at this price
More articles/Ad
More articles/Ad
More articles
-
Ecobank Nigeria has released initial price thoughts at high 9% area for a benchmark seven year non-call five bond. Some bankers away from the subordinated note had questioned whether the deal would be well received after Seven Energy’s note was postponed last week because of market volatility but the books are already covered, according to a syndicate official on the deal. -
Caught up in the sell-off in the emerging markets, issuers from the CEEMEA region have been reluctant to come forward for new bonds this week.
-
Bailed out Portuguese lender Banco Espírito Santo has been hit with fresh bad news, as Angolan authorities announced they would no longer guarantee the loan book of BES’s subsidiary in the country. Meanwhile, buyers of credit default swaps (CDS) on BES’s sub paper are expected to be told that the protection contracts are worthless due to the nature of the breakup of the bank.
-
South Africa’s Standard Bank is in the market with a $375m three year loan as it looks to refinance debt in smaller size and tighter levels.
-
South African furniture retailer Steinhoff International has completed an R18.2bn capital raise, issuing 350m new shares as it repatriates capital ahead of its planned Frankfurt listing.
-
New Europe Property Investments (NEPI), an eastern European focused property company, increased the size of its accelerated book build on Monday after the deal was significantly oversubscribed.
