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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Sukuk issuance has passed last year’s first half total after a busy second quarter compensated for a slow start to the year. The volumes were aided by a rare international perpetual sukuk from Al Hilal and the United Kingdom government’s debut deal, both placed in the last week before Ramadan. -
South Africa has picked three banks to lead manage a foreign currency bond. The deal comes with the sovereign's existing dollar bonds trading wider despite the end of a long-running mining strike and with the ailing economy showing little sign of improvement, said emerging market analysts.
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The Republic of South Africa remains determined to issue a debut sovereign sukuk, despite delays to the plan, economic problems and its decision to mandate banks for a conventional foreign currency bond.
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Nigerian telecom company Helios Towers is meeting potential buyers across Nigeria and Europe this week ahead of an inaugural $225m bond deal. The borrower is targeting a dollar bond and starts investor meetings on Tuesday, while at least two other Nigerian corporates are planning debuts of their own.
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Tunisia has upgraded its local currency sukuk plans this summer and instead will begin preliminary meetings with international investors at the end of August to discuss a debut sovereign dollar deal.
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Senegal has picked Citi, Société Générale and Standard Bank for its third trip to the bond market, adding itself to the confirmed African sovereign pipeline alongside Côte d'Ivoire and Ghana.
