Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Three Egyptian banks are set to complete Egypt’s largest Shariah-compliant financing facility to the Egyptian Steel Company for E£1.7bn ($243m). -
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.
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South African gold miner Anglogold Ashanti has negotiated a relaxation of terms for the debt to Ebitda covenant on both of its existing revolving credit facilities, as the firm deals with a depressed gold price that could lead to write downs of up to $2.6bn.
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Al-Wifak is pushing ahead with plans to become Tunisia’s fourth Islamic bank, despite these plans facing a number of political, regulatory and economic hurdles.
