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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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. -
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.
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First City Monument Bank (FCMB) is the latest Nigerian financial to lay down plans for a debut bond deal. But bankers on earlier Nigerian transactions have warned that international investors are interested only in the top tier banks, and First City's comparatively small size and exposure to Nigeria's retail market could make things difficult for an inaugural issue.
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Dubai Islamic Bank plans to expand into various new markets including servicing non-Islamic clients, according to its chief executive officer Adnan Chilwan.
