Africa Bonds
-
Central African country plans to pay with local currency -
Books were nearly double the $300m deal size
-
It has been nearly three years since last corporate bond debut on the continent
-
Year's first African bank bond is performing strongly in the secondary market
-
Investors want to lock in high coupons, though still prefer the top ranks of the sub-IG universe
-
High yield corporate bond issues in CEEMEA, outside Turkey, are hard to come by
-
US oil company gains following from traditional EM buyers and US high yield investors
-
◆ Why benchmark issuance has resumed earlier than usual ◆ What lies ahead for capital markets ◆ African issuers switch out of loans to bonds
-
Optimism on rates leads bankers to expect corporates and banks will return to bonds
-
The country caught investors by surprise with a statement about principal haircuts
-
The market disagrees with Ethiopia's restructuring plan and how it communicates it
-
Investors do not expect the sovereign will come to the Eurobond market any time soon
