Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The country is unlikely to issue new dollar bonds in the near future despite a big rally in yields
Underwriting left unused after deal is 33% oversubscribed
Simbah Mutasa and Sjoerd Van Hooijdonk step up from regional leadership roles
New government is seeking an IMF deal, which will likely require a debt rework
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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.
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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.
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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.
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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.
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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.
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BMW Finance is set to return to the South African auto loan securitization shelf it set up with Standard Bank in 2011 after having a dual tranche transaction rated by Moody’s.