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Debut deal had club-style execution amid volatile markets and sector headwinds
Power purchase agreements and related revenue will back novel warehouse deal
Markets may not be shut for too long, and African sovereigns have managed debt well
Sovereign pays at least 25bp of concession but points to healthy demand after broader spread widening
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Development banks kick off 2025, but private investors have a growing presence too -
◆ Using the bond market to boost European security ◆ Africa nears sovereign debt stabiliser ◆ Sterling's ESG problem
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African governments will consider this weekend setting up mutual support mechanism
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Withdrawal consequences would depend on how much other shareholders stepped up
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BNP Paribas consolidated its status as the leading European corporate and investment bank in 2024, as it strives towards rivalling the US big five. The bank has four priorities for 2025
