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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Ivory Coast’s new $750m 10 year bond was up 40 cents in the secondary market on Thursday, despite being priced with a yield that was 50bp tighter than most investors had asked for, said debt bankers involved.
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The Johannesburg Stock Exchange is planning to merge its listed derivatives market with its equities platform within six-to-eight weeks in a bid to attract greater participation from international brokers in its markets. -
Aveng launched a R2bn ($187m) convertible bond on Wednesday morning, with the deal emerging during a tougher times for the South African construction and engineering firm.
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Ivory Coast opened books on a 10 year dollar bond on Wednesday but political uncertainty and a chequered repayment history made for varying views on pricing, with opinions on the yield guidance ranging from “a bit tight” to “slightly cheap.” But the sovereign had no trouble attracting interest, with UK and European order books going subject by 10am GMT.
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Trade and Development Bank of Eastern and Southern Africa, known as PTA Bank, has approached international lenders for a $200m syndicated loan.
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Sudan’s need to raise money outside of its domestic market has been illustrated this week, with the sanctions-hit country looking to sign a $50m loan with the Kuwait Fund for Arab Economic Development to finance development projects in the private sector.
