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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The Republic of South Africa printed a well oversubscribed $2bn global bond on Monday, although bankers on and away from the deal disagreed on the new issue premium paid. The initial secondary market performance was stable — arguing in favour of the leads’ strategy. But in less than 48 hours the bonds rose four cash points and bids for South African corporations and financials also improved, which the bookrunners struggled to explain.
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The Republic of Zambia is in talks with banks for a $600m syndicated loan with a mandate expected to be awarded as soon as Friday. This comes as Tanzania considers bank responses for its own $700m loan.
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After months of receiving pitches, Nigerian financial institutions Skye Bank and First City Monument Bank have mandated arrangers for their syndicated loans.
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South African pharmaceuticals company Aspen has launched its $2bn M&A facility into general syndication on a high, after lenders in the senior stage saw large scalebacks in their underwriting commitments.
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The Republic of Zambia is in talks with banks for a syndicated loan, just two weeks after Tanzania approached banks for its own record-breaking $700m facility. -
South African state-owned logistics firm Transnet has signed a R1.1bn ($111m) export credit agency-backed loan.
