Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
EM debt investors had largely expected a debt treatment would be required
Undisclosed institutional shareholder sells stake in Wednesday evening ABB
The country is unlikely to issue new dollar bonds in the near future despite a big rally in yields
Underwriting left unused after deal is 33% oversubscribed
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Union Bank of Nigeria has signed a $100m fully underwritten deal to become the latest in a string of Nigerian financial institutions to tap the international loan market.
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The global sukuk market is set to resume growth in 2014 after a mixed 2013 and should exceed $100bn for the third year running, said Standard & Poor’s on Tuesday.
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The Islamic Development Bank (IsDB) has approved $705m of facilities for infrastructure and human development projects in its latest round of financing for member countries. -
Nigeria's Oando Energy has signed loans to part-finance its $1.63bn acquisition of ConocoPhillips' upstream oil and gas business in Nigeria.
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Oil products company Puma Energy priced its debut high yield bond in line with guidance on Tuesday, relying on broad appeal to a varied investor base to overcome the sell-off in emerging market credits.
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Oando, Nigeria's largest publicly quoted oil and gas firm, is seeking shareholder approval for a capital raise of up to N250bn ($1.52bn). Last year, the company struggled through a deal a fifth of the size.
