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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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Manama, Bahrain –16th October 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been fully subscribed by 263%.
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Mobile telecommunications company Zain Saudi said that it is in "well-advanced' discussions over a new loan to replace the Sr9bn ($2.4bn) still outstanding under its existing Sr9.75bn Murabaha facility, which has already been extended three times and is now due to mature on November 28.
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Source: South China Morning Post Publishers Limited
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