Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The trade, like previous yen issuance, carries a guarantee
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
Five year bond set to be priced much tighter than the development bank's last senior issue
Investors were eager to tender their bonds despite initial resistance
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China Regulation and Policy
Paris is growing in stature as an RMB centre in Europe, with the French central bank signing a memorandum of understanding with the People’s Bank of China (PBoC) at the end of June. GlobalRMB spoke to Denis Beau, general director of markets operations at Banque de France, about how the planned RMB payment system in France could be a game changer for the RMB in Europe and beyond. -
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 of procession of corporate deals from the continent throughout the rest of this year.
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Tunisia hired banks to run a $500m seven year bond on Monday, which comes with a full guarantee from US-AID as part of US efforts to help the country through its transition to a new democratically elected government.
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Senegal has closed and priced its debut XOF100bn ($200.5m) four-year sukuk with a 6.25% profit rate, the first medium term Islamic bond offering out of Africa of 2014 and the first Sub-Saharan sovereign sukuk ever apart from Nigeria's State of Osun last year.
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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.
