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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
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Bank issuance from Poland and Abu Dhabi has kept CEEMEA bond supply going this week, while Mexico’s Cemex tapped the euro and dollar markets.
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Zambia has its work cut out on a seven day roadshow that starts on Thursday. The sovereign is planning a second dollar Eurobond, but will have to convince investors it has a solution to its deteriorating finances in order to avoid offering a hefty yield, said analysts.
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Giel-Jan Van Der Tol, who until recently served as general manager of wholesale banking at Emirates NBD in Dubai, has moved to oversee the bank’s Egypt operation.
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The Islamic Development Bank has approved $515.6m of financing in support of socio-economic development projects in member countries, as well as Muslim communities in non-member countries.
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Tanzania’s Uranium Resources, the Aim-listed uranium exploration and development firm, has obtained a $300m loan from its major shareholder Estes.
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Standard Chartered has launched Islamic banking services in Kenya, under its Saadiq brand.