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Most recent/Bond comments/Ad
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New agreement not a done deal, but this is the furthest Ethiopia has got to in restructuring its bonds
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
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Qatari telecoms firm Ooredoo has withdrawn its bid for Vivendi's 53% stake in Maroc Telecom, leaving regional rival Etisalat as the sole bidder in the $6bn acquisition.
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Nigeria’s Diamond Bank is meeting investors ahead of its first international dollar transaction and plans to raise as much as $550m with a tier two bond, the issuer told EuroWeek. Analysts expect more dollar deals from Nigeria to follow as issuers seek to raise capital and quell currency mismatch.
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The GDF Suez-led consortium behind the West Coast One wind farm project in South Africa has signed facilities of R1.5bn ($150m) to help finance the construction of 47 wind turbines north of Cape Town.
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Nigeria’s Diamond Bank is meeting investors ahead of its first international dollar transaction and plans to raise as much as $550m with a tier two bond, the issuer told EuroWeek Emerging Markets. Analysts expect more dollar deals from Nigeria to follow as issuers seek to raise capital and quell currency mismatch.
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Bahrain has picked banks for a conventional dollar deal and will start an international roadshow on Wednesday to gauge demand. It is a tricky time to be issuing, with US Treasury rates back on the rise, said bankers. South Africa has also selected leads for an international deal, but remains tight lipped on further details.
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The general assembly at Joumhouriya Bank, Libya’s second largest commercial bank, has approved its transfer to become a fully-pledged Islamic bank.