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At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
The company is the only corporate issuer in North Africa, making it popular for investors
The company should benefit from a rise in fertiliser prices due to the Iran war
Nigeria plans a total return swap, following peers on the continent in the last 12 months
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Sovereign will have to look outside of conventional bonds for cheaper funding
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The petrochemicals company’s shares fell after it announced it will sell a $750m convertible
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Meanwhile, Egypt is nearing its own IMF deal but should not need to restructure its debts
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Powerful transaction provides long term cover for big portfolio
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The $306m sustainability-linked loan funds assets in seven African countries
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First deal relieves risk on $1bn of loans, second will create synthetic equity