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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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The country is unlikely to issue new dollar bonds in the near future despite a big rally in yields
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High carry and stronger FX performance are drawing investors deeper into frontier markets
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Volume dips only slightly despite there being a third fewer transactions
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How well the government handles the disaster could dictate its ability to push through difficult reform
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Underwriting left unused after deal is 33% oversubscribed
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Driving pricing lower was the small size and the green label
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