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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Morocco delivered a surprise on Wednesday as its parliament’s lower house suddenly passed the country’s much delayed Islamic banking law – only a week after a senior official told IFIS the bill may not be ready until October.
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South African financial services group Alexander Forbes is relisting on the Johannesburg Stock Exchange, seven years after it was taken private through a leveraged buyout.
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The Islamic Development Bank (IsDB) has approved financing facilities for various projects in member and non-member countries worth $447m, as the multilateral organisation celebrates its 40th anniversary.
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The Republic of Kenya ploughed ahead with a dual tranche debut Eurobond on Monday despite terrorist attacks in coastal Mpeketoni on Sunday and Monday nights. But investors still flocked to place over $8bn in orders, allowing Kenya to price a colossal $2bn for its inaugural offering.
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Access Bank sold its first tier two bond this week and, in contrast to earlier attempts from Nigerian financials, printed a larger than expected deal that traded up in the secondary market. The deal was a welcome sign of appetite for Nigerian risk, but emphasised that international interest extends only to a select few, said bankers on the deal.
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Emerging markets power firm Globeleq has signed a $70m loan for its African business - its first syndicated loan, according to Dealogic.