Africa
Emerging Market Credit Daily Roundup: 7 September, 2017
UNEC to raise AED1bn – Bahrain to issue a sukuk – Nigeria pre-launched its sukuk sale – Afreximbank to boost capital for lending – CABEI gets upgraded – ADB tapped the international markets – Russia to resolve dispute with Exxon Mobile
7 Sept 2017
Emerging Market Credit Daily Roundup: 6 September, 2017
Non-resident EM inflows flatline in August – Middle East bond market to see USD20bn of new supply in 2017 – Oman replaces CBO governor – Ecobank subsidiary secures USD250mn 5-year loan – Brazil looks ready to cut rates – Mexico City airport in market for USD2bn – CDB looks to raise CNY5bn in green bonds – ArcelorMittal Ukrainian subsidiary in loan talks with EBRD
6 Sept 2017
Africa Credit Markets Brief: August 23 - September 6
South Africa sells ZAR2.65bn (USD200mn) in bonds – South Africa government mulling airlines merger – Standard Bank of SA gets USD1bn syndicated loan – Kenya’s Supreme Court declares election result invalid – Nigeria downsizes NGN56.05bn local Treasury note on low demand – Foreign investment in Nigeria’s oil and gas up to USD291.47mn – IMF approves USD918mn aid package to Ghana
6 Sept 2017
Emerging Market Regulators Make Strides Building Green Bond Momentum
Growing support for market-driven policies aimed at facilitating green issuance has created important wins for the sustainable finance segment, especially in emerging market countries like China, India, and Mexico. But with the bulk of those policies, at their core, fixated on determining what qualifies as ‘green’, key questions about industry standards – and the best approach to applying them –…
25 Aug 2017
Africa Credit Markets Brief: 9 August – 23 August
NDB to lend US$1.5bn to South Africa – Standard Bank of South Africa to issue its first international bond in a decade – Lagos state issued a NGN85.1bn dual-tranche bond – Kenya to float T-bills – Eximbank USA gives Cameroon a CFA26bn loan –Ghana to cut spending in 2017 – Angola gets downgraded – Gabon places a US$200mn Eurobond – Moody’s slashed Tunisia’s credit rating
23 Aug 2017
Off the Record: Hunting for Value in Africa with Bond Fund Managers
We speak with a number of leading Africa-focused fixed income fund managers to get a better sense of the opportunities and risks present in the continent’s emerging and frontier economies.
18 Aug 2017
Africa Credit Markets Brief: 27 July- 9 August
South African economy likely to return to growth – Nigerian government secures a loan from AfDB – Nigeria’s green bond suspended once again – Democratic Republic of Congo’s inflation to hit 44.64% – Kenya’s Treasury bonds outperforming the corporate debt – Rosneft seeks to open offices in Mozambique – Ghana sold a 5-year bond – Republic of Congo is heading for a default – Zimbabwe to double its…
9 Aug 2017
Off the Record: Global Investors On Concerns and Opportunities in Emerging Market Debt
The rally in EM assets this year seems all but unstoppable as investors continue hunting for yield further afield amidst persistently low interest rates in developed markets and a weakened US dollar. Is it set to continue? Bonds and Loans speaks with global investors one-on-one about macro trends influencing EM debt capital markets.
8 Aug 2017
Dufil Prima Foods COO on Nigeria's Economic Outlook and Bond Compliance Process
Nigerian regulators have made progress on managing the country’s challenging FX situation and narrowing the gap between official and black-market currency exchange rates, giving a much-needed boost to investor confidence. Madhukar Khetan, COO, of Dufil Prima Foods, which is lining up its debut bond issuance after nearly a year of planning, says the government now needs to tackle the regulatory…
7 Aug 2017
CASE STUDY: EEHC’s Lightning-Fast EGP20bn Syndication to Develop Egypt’s Power Sector
EEHC, Egypt’s main electric power distributor, successfully completed one of the largest loan syndications in the region with the help of two major lenders, National Bank of Egypt and Banque Misr, which, in a pioneering twist, marketed the loan at discount rates on the secondary markets.
1 Aug 2017