Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Seven Energy has released initial price thoughts of mid-9% area for a seven year non-call three bond of around $500m. The roadshow for the deal ended on Tuesday and the Reg S/144A note is expected to be this week’s business.
-
Bahrain’s Awal Bank sold an 8% stake in London-listed Petra Diamonds on Monday night in a £81.7m block trade led by RBC Capital Markets. -
Tunisia launched a $500m seven year bond this week with a full guarantee from USAID, as part of US efforts to help the country through its transition to a new democratically elected government.
-
The African sovereign bond market has come of age, with debt bankers expecting this year’s successes to encourage debut transactions, as well as more regular issuance and diversification into euros from established names. Senegal’s seven times subscribed $500m 10 year bond this week was just the latest deal to surprise bankers, with an aggressive starting point and even tighter finish. But the current open mouthed surprise at what African sovereigns can achieve could soon be forgotten as deal after deal attracts a huge order book despite slim new issue concessions. Steven Gilmore reports.
-
Newly listed shares in the South Africa's Alexander Forbes and the UK's Epwin both traded up after their Wednesday IPOs.
-
Senegal sold a seven times subscribed $500m 10 year bond this week, at a yield well inside what bankers away from the deal saw as a surprisingly aggressive starting point. But surprise at what Africa sovereigns can achieve is becoming less justifiable as deal after deal attracts a huge orderbook despite slim new issue concessions.
