South Africa
-
There was no clear reason why local banks were not picked, sources said, for first time in 17 years -
Local banks play a vital role for the country in both domestic and international capital markets
-
New issue premium estimates ranged from 'minimal' to 35bp
-
For the first time in 17 years, no South African banks are involved in an overseas sovereign trade
-
About 30% of the deal expected to go abroad as other EM discount retailers will serve as comps
-
Burst of ECM action in South Africa and Poland
-
Vukile Property Fund raises primary capital to buy Portuguese shopping malls, block trades expected to dominate South African ECM
-
South African mining firm raised €500m through triple tranche green loan to fund Finnish lithium project
-
Investors do not expect the sovereign will come to the Eurobond market any time soon
-
South African private equity owner of Virgin Active and New Look gives itself flexibility to wait for right time to exit its portfolio assets in sell-downs and IPOs
-
Seven IPOs expected in Middle East from September while South African issuance to be more gradual
-
Oversubscribed sale bodes well for the retail group's IPO of Boxer, seeking to raise R6bn-R8bn by end of the year
