Africa
-
Investors dislike the lower transparency and liquidity inherent in private placements -
African sovereign is an infrequent visitor to the international bond market
-
Emerging market governments have to placate the markets and their citizens
-
Governments on the continent face a tricky time balancing needs of population with demands of overseas lenders
-
Ainsley Holdings, under the rocked Steinhoff International — now called Ibex — sheds a 13.6% stake in Pepkor
-
Lenders tipped to ‘review and increase’ credit lines to the country after coalition government formed
-
Two parties, diametrically opposed on many key issues, have joined forces to run South Africa
-
Yields are too high to issue at a reasonable cost, and a drought means a rally is unlikely
-
Some believe the issuer paid more by going private
-
The market had been expecting a public deal, said investors
-
South African bonds will do very well under some outcomes, but others pose a big risk
-
Some African corporates will be watching Helios’ deal, but not all can follow it
