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Even if ceasefire succeeds, investors will still want a risk premium
Demand allowed the bank to cut the yield by 35bp
The country offers huge potential and possible pitfalls for investors
A piece of very rare African senior bank issuance could also come this week
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Loan bankers have every reason to be getting twitchy. Any lingering hopes of Russian deals getting a reprieve were finally extinguished this week as fighting continued in Ukraine and tensions with Russia escalated, writes Dan Alderson.
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Goldman Sachs has had a request to settle out of court dismissed after Libya’s sovereign wealth fund alleged the bank deliberately exploited a relationship of trust that ended in the fund entering equity derivatives trades amounting to in excess of $1bn.
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Egyptian financial authorities will meet with market participants on Wednesday to discuss a revised version of the country’s sukuk law, an official at the Egyptian Financial Supervisory Authority (EFSA) told IFIS.
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BMW Finance has abandoned its return to the South African auto loan securitization shelf it set up with Standard Bank in 2011, blaming volatility in the wake of the rescue of African Bank earlier this month.
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Exotix has joined with a leading African bank to allow its customers to share the other's research, sales and trading platforms.
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Giles Borten, co-head of EMEA corporate debt capital markets and sole head of EMEA leveraged finance at UBS, has left the bank, according to an internal memo seen by GlobalCapital.