Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Anyone who wants to can access the continent's market
Issuance net of buy-backs is not that high, and there is no sign of any indigestion
The country has vast potential, but governance and conflict in the east are the two big headwinds
Ivory Coast squeezed tight, taking $1.3bn in an 'aggressive' execution
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Development banks across the world — and especially those in Africa — have proven to be indispensable sources of relief during the last year. Though Africa has a wealth of challenges to economic recovery, the West African Development Bank, also known as Banque Ouest Africaine de Développement (BOAD), has high ambitions for the year ahead. The bank’s president Serge Ekué spoke to GlobalCapital about these ambitions, including an imminent capital raise. -
The Republic of Ghana brought innovation to the emerging market bonds this week, by selling Africa’s first zero coupon international deal. But the “risky” trade ignited debate among bankers and investors after it attracted a smaller order book than expected and required generous pricing as debt sustainability concerns swirled.
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Volatility in the US Treasury market has been the thorn in emerging market bond issuers' sides this quarter. Though bankers had expected borrowers front-load issuance, concerns about global interest rates and investor appetite have dulled volumes.
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The Republic of Ghana entered the bond market on Monday to sell a multi-tranche dollar bond, which some market participants have called “ambitious”. Some believe the issuer is putting size before price as it tries to locate funding for its 2021 budget.
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Zambia and the IMF will resume negotiations on an extended credit facility package, having missed the first deadline.
