Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The trade, like previous yen issuance, carries a guarantee
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
Five year bond set to be priced much tighter than the development bank's last senior issue
Investors were eager to tender their bonds despite initial resistance
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South African furniture firm Steinhoff International completed a R7.8bn ($734m) accelerated bookbuild on Wednesday night, in the first step of a rights issue to repatriate funds ahead of a planned Frankfurt listing. -
South Africa has picked three banks to lead manage a foreign currency bond while Nigerian duo Helios Towers and First City Monument Bank are on the road ahead of debut dollar deals, promising a healthy pipeline of African supply.
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Redefine Properties on Thursday raised R1.5bn ($94m) through a sale of new shares representing around 4.7% of the firm, the South African property company’s fourth deal in as many years.
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The Nairobi Securities Exchange started a self-listing planned since 2005 on Tuesday night, making it the second African exchange to demutualise and IPO after Johannesburg, and the latest in a run of stock exchange listings.
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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.
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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.
