Africa
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Sovereign’s debt has traded at distressed levels this year but bonds have rallied -
New bond volumes surged from 2022, but are still far lower than in previous years
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Many of the region’s states that have market access feel little need to issue new bonds
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Communication has been a problem, said one bondholder
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Some votes could create volatility, but others should be straightforward
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The sovereign has agreed a two-year debt payment standstill with official creditors
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Previous country head Richard Gush relocates to London
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Official creditors do not believe a deal with bondholders ensures comparability of treatment
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South African bank secures “good pricing” and adds new lender in third 2023 term loan
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'Large range' of investors interested in new asset class, says treasurer
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South African bank is responding greater demand amid volatile markets
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Questions linger over state contingent debt instrument used to bring sides together but agreement brings saga closer to end
