Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Even if ceasefire succeeds, investors will still want a risk premium
Demand allowed the bank to cut the yield by 35bp
The country offers huge potential and possible pitfalls for investors
A piece of very rare African senior bank issuance could also come this week
More articles/Ad
More articles/Ad
More articles
-
Atlas Mara, co-founded by Bob Diamond, has poached John Vitalo from Barclays to fill the vacancy for a CEO.
-
Zambia’s new 10 year dollar bond was trading up in the secondary market on Tuesday after attracting $4.3bn in orders for its $1bn print. Debt bankers on the bond were surprised by the strong reception given Zambia’s financial difficulties, which bodes well for African borrowers with stronger credit metrics. -
Zambia opened books on the first African sovereign deal of 2014 on Monday morning, starting with a large new issue concession to compensate for a weak credit story. A successful bond could help usher in a run of issuance from Zambia’s peers, with several African sovereigns in the process of planning deals.
-
Tullow Oil, the London-listed but Africa-focused oil exploration and production company, has followed up last week's successful bond issue with a $750m refinancing loan.
-
Caracal Energy, a London-listed oil and gas company, has signed a debut $140m reserve-based senior secured facility to develop its assets in Chad.
-
OCP, the Moroccan company that claims to be the world's largest phosphate exporter, will start a roadshow on Tuesday for a benchmark dollar bond. It would be the first corporate Eurobond from Morocco.
