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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Nigerian oil and gas exploration and production company Seplat Petroleum entered the international bond markets on Thursday seeking to raise dollar funding. As primary issuance re-starts in the CEEMEA region, Seplat is one of a few high yielding names testing the temperature. -
South African lender Investec has secured a syndicated loan facility, with a consortium of 29 international banks. Bank borrowers are continuing to lean on their relationship lenders in South Africa, though the environment in the country remains challenging.
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The Republic of Ghana, one of the few African sovereigns to have tapped capital markets last year, this week mandated banks to arrange a dollar bond. The multi-tranche bond, market participants say, will demonstrate investors’ appetite for high yield credit.
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A number of sub-Saharan African sovereigns are eyeing the Eurobond market, after a year that saw dismally low levels of capital markets issuance from the region. But investors are still on the hunt for yield, market participants say, which can be found in abundance in Africa.
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Bond markets have been settling in for a period of higher US Treasury yields since Wednesday when the Federal Reserve confirmed it did not expect to raise rates before 2024. While that made long-dated issuance trickier for SSA issuers, there was hope that emerging market bond issuance will soon resume, even if a bumpy ride lies in wait. Mariam Meskin, Oliver West and Lewis McLellan report.
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CEEMEA bond market participants were keeping an eye on the US Federal Reserve this week, after weeks of volatility in the US Treasury market. Whatever the Fed announces after this week's Federal Open Market Committee meeting will dictate whether CEEMEA bond supply resumes next week.
