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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Helios Towers Nigeria sold a debut dollar bond on Tuesday — only the second international corporate bond from that country. The notes offer a useful new benchmark for Nigerian corporates, with at least one follow-on deal expected in the next few weeks. On the financial side First Bank of Nigeria began a roadshow ahead of a tier two subordinated note. But First City Monument Bank postponed a debut bond deal, after failing to see eye to eye with investors on pricing.
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Bank of Cyprus — CityCon — Generali — SAB Miller — Axia — Dufry
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The International Islamic Liquidity Management Corp is set to re-issue $860m of commercial paper style sukuk next week – its seventh issue to date under its short term sukuk programme. -
Nigerian financial First City Monument Bank has postponed its debut bond plans.
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Helios Towers Nigeria sold a debut dollar bond on Tuesday — only the second international corporate bond ever from that country. The notes were trading up a full cash point higher in the secondary market on Wednesday and offer a new benchmark for Nigeria corporates, with at least one follow on deal expected in the next few weeks.
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With the first half of the year completed, regular IFIS league table-topper HSBC has taken a commanding lead in dollar sukuk for share of total issuance value, but Emirates NBD and JP Morgan have surged up the ranks for first ever top five placings, with ENBD on more dollar deals in the period than any other bank. Meanwhile, CIMB has opened a gap in global sukuk arranging after trailing Maybank at this time last year, but the competition looks set to heat up further in the second half.
