Afrexim’s five year strong in secondary
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Emerging MarketsAfrica

Afrexim’s five year strong in secondary

African Export-Import Bank launched a $500m five year bond that traded up in the secondary market after being priced on Tuesday. The borrower had to contend with a downgrade from Standard & Poor’s in the run up to the deal, but still managed to price a three times subscribed bond with respectable new issue premium.

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