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
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Ecobank Nigeria on Thursday contributed to the barrage of Africa bond mandates, picking leads for a debut subordinated dollar bond. The bank finishes a roadshow on August 1, and the appetite evident in recent Africa sovereign deals means a debut sub deal in the middle of summer is by no means off the cards, said bankers away from the bond. -
Ecobank Nigeria on Thursday contributed to the barrage of Africa bond mandates, picking leads for a debut subordinated dollar bond. The bank will finish a roadshow on August 1, and the appetite evident in recent African sovereign deals means even a debut sub deal in the middle of summer is by no means off the cards, said bankers away from the bond.
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African Export-Import Bank launched a $500m five year bond that traded up in the secondary market after being priced on Tuesday. The borrower had to contend with a downgrade from Standard & Poor’s in the run up to the deal, but still managed to price a three times subscribed bond with respectable new issue premium.
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Nigerian oil and gas company Seven Energy has joined the burgeoning family of Africa high yield borrowers, picking banks for a benchmark sized debut dollar deal. An African mining corporation is also eyeing the high yield market, and bankers are expecting a steady procession of corporate deals from the continent throughout the rest of this year.
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Nigerian oil and gas firm Sirius Petroleum launched a capital raise on Wednesday that will help fund a new well if it can find further funding after the deal is completed.
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African Export-Import Bank’s $500m five year bond was trading up in the secondary market on Wednesday. The borrower had to contend with a downgrade from Standard & Poor’s in the run up to the deal, but still managed to price a three times subscribed bond with respectable new issue premium.
