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The familiar problem of inter-creditor opacity has also reappeared
Company in 'no doubt' a public trade would have delivered better pricing
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
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Fahad Al-Saif, Saudi Arabia The Gulf state is extending its curve and sourcing new channels of funding to meet its fiscal objectives.
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Mohammed al Jadaan, Saudi Arabia Saudi Arabia’s smart, innovative and much-needed fiscal response to Covid-19 has gone down well with investors.
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Ziad Fariz, Jordan Jordan was swift to provide liquidity and bring in a package of stimulus measures when the crisis struck.
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Egypt this week became the first sovereign issuer in the Middle East and North Africa to issue a green bond. The deal had been delayed by the coronavirus pandemic, bankers said, but it gained considerable traction from investors when it was finally brought to market.
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Trade and Development Bank and Standard Bank, have approached lenders to raise syndicated loans, despite the sort of price widening that has pushed many borrowers away from the loan market this year.
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Egypt was the only regional economy to have seen its credit ratings remain stable during the Covid-19 pandemic. This underscores the impact that a series of economic reforms are having.