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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South Africa’s biggest electricity provider Eskom opened books on a 10 year dollar deal on Tuesday. Initial price thoughts offered a generous concession over the company’s outstanding bonds and those of the sovereign, but debt bankers were not surprised at the high starting point. -
Banque Centrale de Tunisie, the central bank of Tunisia, has widened price guidance to 100bp over yen swaps area for its 10 year Samurai bond guaranteed by the Japan Bank for International Co-operation. Initial price guidance had been released at 90bp-100bp over on Friday.
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Several Nigerian financial institutions have rejected the margins offered by international banks for syndicated loans and are holding out for lower pricing.
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Angolan state-owned oil firm Sonangol is expected to sign its $2.5bn five year loan by the end of August. Around 20 banks are thought to be considering the facility.
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Banque Centrale de Tunisie, the central bank of Tunisia, has mandated banks to sell a 10 year Samurai bond guaranteed by the Japan Bank for International Cooperation, with pricing expected next week. Mexico has also announced guidance on a third tranche for its own Samurai deal, also expected next week.
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First Bank of Nigeria is planning to bolster its tier two capital with a dollar bond and started a roadshow on Wednesday. The bank considered selling a bond last year but believes the timing is now right, and is hoping improved reporting standards for Nigerian companies will help put investors at ease, said a First Bank official.
