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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Ghana's national cocoa board Cocobod is garnering interest from banks new to its lending group as the Friday response deadline approaches for its $1.6bn annual pre-export finance facility. -
Tunisia’s National Constituent Assembly has added takaful chapters to its existing insurance framework, as part of its move to integrate Islamic finance into the country’s financial system.
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Port Autonome d'Abidjan, owned by the Ivory Coast government, has signed a €200m bridge loan to finance expansion projects.
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A dispute between shareholders of the Algerian subsidiary of Bahrain’s Al Salam has seen Algeria’s central bank commission place the bank under temporary administration.
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Mota-Engil Africa, a subsidiary of the Portuguese construction group, pulled its IPO on Friday, the latest deal to be hit by plunging sentiment in Europe’s equity markets because of fears about the periphery.
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The Republic of Senegal starts investor meetings next week for a Eurobond. Ivory Coast is already on the road for its own deal. Should both issuers pick the same maturity — 10 years is popular with African sovereigns — bankers on the Senegal deal expect the two credits to price close together. Analysts, however, disagree about specific yields, but think Senegal will have to price wider.
