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As with other private placements from Africa, observers have questioned the merits of the format
Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
Speed possible in the private placement market proves attractive, even if the issuer may pay a bit more for it
Gulf investors 'will now look at every deal', whether sukuk or not
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Hopes IMF programme will help restore market access
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Other borrowers may have limited time to take advantage
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China's support means a deal could be agreed by year-end
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Three banks providing $250m loan with insurance support
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There are technical reasons for such wide spreads, in particular very low liquidity
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Both lenders and borrowers hate the pricing on offer, depending on which part of the market they occupy