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AfDB hopes to launch multi-issuer securitization this year
◆ French firm takes €700m with unrated deal ◆ Double digit concession needed ◆ Deal prices inside debut, but returns higher yield
Deal liberates capital and tempts investors to take new frontier market risk
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Sumitomo Mitsui Banking Corp has hired Aaron Chow as a general manager in its investment banking department. -
UBS names levfin head — Mizuho finds four high yield bankers — Fintech firm Nivaura gives role to ex-HSBC syndicator
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The Schuldschein market has for many centuries attracted buy-and-hold investors, but this may change as some arranging banks are offering lenders opportunities to buy sections of their own Schuldschein positions. But many fear that the whiff of secondary markets will see regulators reclassify the instrument as a security, instead of a loan.
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Ivory Coast has closed a €300m seven year loan, as African sovereigns turn to the market for medium-term funding, with bankers expecting more to follow.
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UBS has appointed Sarah Mackey as head of leveraged finance for Europe, the Middle East and Africa.
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Standard Bank is expected to raise $1bn in the loan market, up from an initial target of $500m, and slash the pricing of a three year loan by roughly 30bp.
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