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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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.
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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.
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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.
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Nigeria's Zenith Bank started a roadshow on Thursday with Citi and Goldman Sachs for a 144A/Reg S senior unsecured dollar bond. It is likely to have a size of over $350m and a maturity of five years.
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African commodity borrowers could unexpectedly benefit from the Russia-Ukraine crisis as emerging market lenders are considering looking away from eastern Europe to hit their lending targets for the year.
