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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Access Bank sold its first ever 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. -
CEEMEA bond bankers are calling the market the best they’ve seen since spring last year and issuers, particularly from the Middle East and Africa, are rushing to take advantage of it while it lasts and before Ramadan and the summer slowdown shrink the potential investor base.
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The Moroccan royal family has sold its stake in Lesieur Cristal after it completed the sale of MDh580m ($69m) of shares in the Moroccan food oil manufacturer Tuesday.
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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. The headlines had only a marginal effect on market sentiment and Kenya drew well over $8bn of orders for its $2bn bond transaction.
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Nigerian financial Access Bank opened books on its first tier two dollar bond on Monday afternoon and had almost $400m in orders by Tuesday morning. The issuer is aiming to price the bond on Tuesday afternoon, although bankers away from the bond were skeptical about appetite for more Nigerian FIG supply.
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Morocco is unlikely to issue its first ever sukuk this year and the country’s Islamic banking looks set for more delays, according to a senior parliamentary advisor.
