Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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The Islamic Development Bank (IsDB) has signed a set of loan agreements worth $747m to fund development projects in several member countries and to Muslim communities in non-member countries. -
Angola's state run oil firm Sonangol is due to sign its $2.5bn five year loan this week.
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Three Egyptian banks are set to complete Egypt’s largest Shariah-compliant financing facility to the Egyptian Steel Company for E£1.7bn ($243m).
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HSBC has promoted Mustafa Aziz Ata to the newly created position head of debt capital markets for the Middle East and North Africa.
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After months of unprecedented local currency bond fund inflows courtesy of international investors, that market is now under pressure amid rising US Treasury rates and a sudden aversion to EM risk. These markets will not be dampened by foreign fiscal policy forever though, and when rates settle and stability returns some sovereigns will be far better placed to draw cautious buyers back into their local markets.
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South African gold miner Anglogold Ashanti has negotiated a relaxation of terms for the debt to Ebitda covenant on its revolving credit facilities, as the firm deals with a depressed gold price that could lead to writedowns of up to $2.6bn.
