Africa Bonds
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Investors want to lock in high coupons, though still prefer the top ranks of the sub-IG universe
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High yield corporate bond issues in CEEMEA, outside Turkey, are hard to come by
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US oil company gains following from traditional EM buyers and US high yield investors
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◆ Why benchmark issuance has resumed earlier than usual ◆ What lies ahead for capital markets ◆ African issuers switch out of loans to bonds
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Optimism on rates leads bankers to expect corporates and banks will return to bonds
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The country caught investors by surprise with a statement about principal haircuts
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The market disagrees with Ethiopia's restructuring plan and how it communicates it
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Investors do not expect the sovereign will come to the Eurobond market any time soon
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South African private equity owner of Virgin Active and New Look gives itself flexibility to wait for right time to exit its portfolio assets in sell-downs and IPOs
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Observers had tipped the pair to issue Eurobonds this year, but yields are too high
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The market has expected a new bond from Nigeria all year, but yields are high
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China is a major creditor, but observers hope that may not be as big a problem as elsewhere