Africa
-
Primary market is opening up to a wider range of credits -
‘EM risk is back in vogue,’ say market participants after FIG flyer
-
Mauritius Commercial Bank's deal fails to tighten from initial guidance
-
A trio of very different bond issuers issuers have spotted an issuance window
-
There would still be hurdles and an agreement may even make defaults more likely
-
North African sovereign draws big order book but investors more worried about reliving 2022
-
“Rumours of the demise of the EM market have been greatly exaggerated”
-
Both tranches from the rare issuer tighten by 25bp
-
Analysts say the short-term risk of Nigeria falling into debt distress is low
-
The country is in better shape than neighbours despite a blow from the war in Ukraine
-
Bookrunner hails borrower’s “outstanding” result versus its regular curve despite pricing north of 10% barrier
-
Orders topped $4.5bn despite pricing starting above level that some in market think sustainable
