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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More articles
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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.
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Ghana's national cocoa board, Cocobod, was receiving interest from banks new to its lending group as the response deadline of Friday neared for its $1.6bn annual pre-export finance facility.
