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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Tanzania Electric Supply Company (Tanesco) has signed a $250m syndicated facility in a deal that bankers claim is the largest deal ever syndicated solely among east African banks.
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Bunge Finance — Vallourec refis — Kenya starts loan talks — MTN South Africa picks Barclays for RCF
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Shares in JD Group, the retail firm majority owned by the Steinhoff Group, fell on Wednesday after the company announced that it would raise between R1.3bn and R1.5bn ($118.4m and $136.5m) through a rights issue.
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Reports on Tuesday that Tanzania has postponed its debut Eurobond until the next fiscal year because of a delay in getting a risk assessment from Citi have been denied by bankers in London both at Citi and away from the bank.
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Retail investors drove a long four year bond from African Bank to success on Monday, with the South African financial appealing to a market that has suffered scarce supply from high yielding credits in 2014.
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The Republic of Kenya is in talks with international banks to refinance the $600m two year bullet loan it signed in May 2012.