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The bank tightened a little more than a UAE peer did on Tuesday
The euro tranche is a refi of a bond maturing later in September
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
Data
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Serbia sovereign moved into investment grade rating territory earlier in October -
Investors and bankers have warned of oversupply, but the deals are still getting done
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Local currency tranches may become more common
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The sovereign is borrowing a huge amount to fund its deficit
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Mid-caps in the Gulf approach listings; LuLu in the UAE expected to be next big deal
Sub-sections
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
