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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Each of the CEEMEA bonds priced on Thursday was trading up in the secondary market on Friday morning. Russian paper shows little signs of recovering from its beating, but the wider market has remained largely immune to the US sanctions imposed on Wednesday.
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Europe's IPO market closed for the summer on Friday, as the last major two deals were priced. Investor fatigue and early holidays contributed to lower pricing than bankers had hoped. -
Nigeria is reopening outstanding Naira bonds and has picked banks for a roadshow starting on July 21.
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Luxembourg’s KBL Bankers returned as a primary dealer for the International Islamic Liquidity Management Corp’s seventh sukuk, as the company reissued its rolling $860m of three-month commercial paper on Thursday.
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The South African sovereign and First Bank of Nigeria opted to open books on Thursday despite coinciding with a wide scale sell-off in Russian risk. Both issuers priced successful deals on the same day, although debt bankers away from the South African bond wondered whether the sovereign should have postponed it.
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Cote d'Ivoire took another step on the road to recovery with a hugely successful $750m 10 year bond this week. Investors, analysts and syndicate officials all had their own ideas on pricing. But in the end the leads priced the deal some 50bp tighter than most investors had asked for and still watched the bond trade up in the secondary market.
