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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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African Bank, the South African lender, sold its third ever Swiss franc bond on Thursday morning, pricing a small retail-focused deal at the tight end of guidance.
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Emerging markets loans bankers have shown just how divided they are this week, with the market split right down the middle about whether African national borrowers will succeed in the loan market according to the latest poll by EuroWeek Loans.
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The Islamic Development Bank has agreed $170.6m of financing for Cote d’Ivoire to fund development projects.
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The Nigerian state of Osun is offering NG10bn ($62m) of sukuk al ijara to investors, in the country’s first ever sukuk sale.
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State-owned Tunisie Telecom has signed a TD220m ($133m) five year term loan.
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Tunisia’s first takaful firm, Zitouna Takaful has opened a branch in the north eastern city of Nabeul as part of its expansion strategy.