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Investors and techniques are ready for development banks to scale up securitization rapidly
AfDB hopes to launch multi-issuer securitization this year
Deal liberates capital and tempts investors to take new frontier market risk
At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
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Mann+Hummel struggles in Schuldschein market amid splurge in auto trades — Bureau Veritas returns to USPP market — Seplat turns to loans for Eland buy — Endava swaps to syndicated sterling borrowing — Bravida refis revolver, eyes more buys
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India's Vedanta, Syndicate Bank make loan comeback — Shanghai Sinnoil defaults on $400m loan — Fullerton allocates $250m among 17 banks — Lesso closes $1.1bn refi — Indorent holds non-deal roadshows
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Multilateral development banks including the International Finance Corporation and those covering Latin America and African have been accused of funding schemes that lead a loss of tree cover despite their environmental pledges
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Heavy debt burdens are forcing African countries to either renegotiate loan terms with China, or ask for debt forgiveness, with some blaming China’s lack of attention to debt sustainability.
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It has been a busy week so far in CEEMEA bonds this week with three deals sold. Meanwhile, in the loan market, sanctions threaten the pricing on Turkey bank loans.
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Fullerton India has closed its $250m-equivalent borrowing after 14 participants joined the three bookrunners during syndication.