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 mining company Royal Bokafeng Platinum completed a R800m ($76m) capital raise on Monday that will allow the company to develop a new mine. -
The Ghanaian sovereign has sent out a request for proposals for an international bond deal, according to two emerging market debt bankers.
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Nigeria's Zenith Bank made its debut in the dollar bond market this week with a five year benchmark deal. The borrower could have pushed for a smaller deal at a tighter price, but preferred to secure a benchmark-sized debut that was placed overwhelmingly with international buyers, said bankers on the deal.
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Anglo American priced its first dollar bond for two years on Tuesday – only the third Yankee bond this year from a UK-headquartered issuer.
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Two London-listed and Africa-focused oil firms signed loans this week, as lenders said that they are increasingly looking to regions away from sanction-hit Russia for deals.
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Zambia had to pay up for its second ever Eurobond this week, offering a nice concession to secure a $1bn 10 year bond. But a wave of demand sent the bond up two cash points in the secondary market despite the sovereign's financial difficulties, which bodes well for African borrowers with stronger credit metrics.
