Africa Bonds
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Company’s trading has been dislocated from Angola’s sovereign bonds
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Deal comes amid Trump ire, with G20 meetings a flashpoint
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Tier two printed flat to fair value, says lead
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Wide range of fair value proposed for South African corporate deal
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Tight theorhetical senior to sub differential expected on $150m deal
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The yield was one of the highest for a sovereign dollar bond this century
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Deal will be the first 20 year dollar trade from a CEEMEA sovereign this year
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Information sharing between creditors is needed if debt restructurings are going to speed up
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The parties failed to reach a deal to restructure Ethiopia's only Eurobond, despite a haircut offer
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Orders peaked at over three times the issue size
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Falling oil prices and lower production are hurting Angola's weak public finances
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The government is struggling to bring in reforms to fix Kenya's fiscal problem