Africa

  • HSBC team to target MENAT ESG activity

    HSBC team to target MENAT ESG activity

    HSBC has created a dedicated sustainable and transition finance team for the Middle East, North Africa and Turkey, as the region tries to make its economies more sustainable.

  • EM FIG trio storm into market seeking dollars and euros

    EM FIG trio storm into market seeking dollars and euros

    Turkey’s Yapi Kredi, Russia’s Credit Bank of Moscow and Banque Ouest Africaine de Banque Ouest Africaine de Développement have all approached investors this week to sound out interest in hard currency bonds.

  • Room for high yield EM credits 'no issue' as Oman returns for dollars

    Room for high yield EM credits 'no issue' as Oman returns for dollars

    The Sultanate of Oman's return to debt markets is proof to some that the market is wide open for high yielding emerging market issuers. The sovereign mandated banks for a dollar deal as investors, hunting for yield, appear undeterred by volatility in the US rates market.

  • Benin euro bond prelude to more Africa issuance

    Benin euro bond prelude to more Africa issuance

    The Republic of Benin on Tuesday launched a euro bond, its second entry into international markets since its debut in 2019. Bankers on the deal believe the bond is the beginning of a surge in sub-Saharan African issuance, with other sovereigns including South Africa and Nigeria also expected to enter the bond market in the coming months.

  • No holding back in buzzing EM as all trades fly

    No holding back in buzzing EM as all trades fly

    Emerging markets issuers of all flavours ignored convention and stormed into primary bond markets this week, with great success. Renewed warnings about increasing debt ratios in emerging nations were no match for an extraordinarily supportive technical picture as investors piled into deals — even as Democratic victories in US Senate run-offs pushed rates higher. Mariam Meskin and Oliver West report.

  • African DCM gains momentum as Benin seeks euros

    African DCM gains momentum as Benin seeks euros

    After a dismally quiet year of issuance in 2020, bankers are convinced that sub-Saharan African bond volumes will make a strong recovery. The Republic of Benin is sounding out investors for a euro-denominated offering, its second foray into the market since its debut two years ago.

Africa News Archive