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 property firm Resilient Property has successfully completed a rights issue that will allow it to expand its portfolio of shopping centres. -
The World Bank has begun a multi-faceted drive in Islamic finance that should see at least one sukuk come to market before the end of the year, according to senior officials at the organisation.
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Multinational firms are being cautious in their banking practices in Africa, as the absence of international banks has led to an uneasy reliance on local banks, according to the smartphone maker Motorola’s director of treasury for EMEA, Tim Westcott.
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Nigeria's Diamond Bank sold a $200m five year bond on Wednesday at the upper end of its price range and lower end of its target size. But the bonds still dropped over two cash points in the secondary market after pricing.
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Diamond Bank sold a $200m five year bond on Wednesday at the upper end of its price range and lower end of its target size. But the bonds still dropped over two cash points in the secondary market after pricing.
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Diamond Bank has its sights on a five year dollar debut and is aiming to price the bond on Wednesday afternoon. A debt banker away from the deal thought the bank’s starting yield was far too high. But others argued that the post-roadshow starting point was what investors had asked for and that secondary trading would settle the debate.
