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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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The UK plans to give over £10m in extra funding to Middle East enterprise projects, working with the Shell Foundation and the Islamic Development Bank.
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Prospects of an Arab Spring country issuing international sukuk this year are dwindling, with Tunisia having postponed its plans for a debut deal.
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Mozambique has joined the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), an affiliate of the Saudi based Islamic Development Bank (IsDB).
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Prospects of an Arab Spring country issuing international sukuk this year are dwindling, with Tunisia having postponed its plans for a debut deal.
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Three more African governments are in talks with banks to obtain syndicated loans. The Ivory Coast, Gabon and Senegal are all at different stages of negotiations with banks.
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Prospects of an Arab Spring country issuing international sukuk this year are dwindling, with Tunisia having postponed its plans for a debut deal.