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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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Days after it sold a private placement, Mamoura Diversified Global Holding returned to the bond market on Thursday for a dollar dual trancher. The syndication will include a Formosa tranche.
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Hong Kong was once renowned for its nightlife, but Covid-19 and its restrictions have killed the legendary carousing in SoHo and partying in the infamous establishments of Wan Chai.
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Abu Dhabi National Oil Co (Adnoc) raised $1.64bn from the sale of exchangeable bonds and shares in Adnoc Distribution, its listed fuel distribution subsidiary, having attracted a “massive” amount of demand from investors, according to a source close to the deal.
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Kintor Pharmaceutical raised HK$1.17bn ($151m) on Wednesday from a top-up share placement, while a co-founder simultaneously trimmed his stake in the company.
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Senegal and Cameroon mandated banks this week to bring them back to the debt capital markets. Despite wide uncertainty about African sovereign debt restructuring, market participants said credit conditions were conducive to issuance.
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The Shanghai Stock Exchange scrapped a record 26 corporate ABS deal applications this week. They included Rmb18bn ($2.82bn) of deals from Ant Group’s two consumer lending units — seven months after the company’s landmark IPO was suspended. Addison Gong reports.
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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