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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Euromoney Conferences will examine Jordan's new sukuk bill when it returns to Amman on September 17 for the third Euromoney Jordan Conference. The event will be held with both the patronage and presence of Jordan’s prime minister Abdullah Ensour.
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The senior stage of South African pharma Aspen's $2bn new money loan is due to close this week, with lenders expecting the deal to have attracted plenty of commitments already as it heads into general syndication.
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Standard & Poor’s has cut Albaraka’s long and short term ratings to BB+/B from BBB-/A-3, citing deterioration in the bank’s countries of operation.
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Nigeria’s government is seeking a $450m loan from the Islamic Development Bank to expand a power transmission system which it said will generate up to 20,000 megawatts of electricity. -
It has hit more than a few bumps along the way but the International Islamic Liquidity Management Corp’s plans to issue sukuk commercial paper — the first of its kind in the Islamic market — finally look to be coming good. The company said on Thursday that it will issue a $490m debut this month, after more than 2-1/2 years of work on the project.
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First Bank of Nigeria priced the first dollar tier two bond from the country in over six years on Wednesday, and analysts are expecting its peers to follow. But the deal achieved only a modest oversubscription and relied on the domestic bid for support. First Bank’s weaker compatriots could find it hard to drum up international interest without offering prohibitive premiums.
