South Africa
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The country's ruling coalition may be about to fall apart
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Trump's 'Liberation Day' tariff announcements are due on Wednesday
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Emphatic demand allows pricing at top of range
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There was no clear reason why local banks were not picked, sources said, for first time in 17 years
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Local banks play a vital role for the country in both domestic and international capital markets
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New issue premium estimates ranged from 'minimal' to 35bp
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For the first time in 17 years, no South African banks are involved in an overseas sovereign trade
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About 30% of the deal expected to go abroad as other EM discount retailers will serve as comps
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Burst of ECM action in South Africa and Poland
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Vukile Property Fund raises primary capital to buy Portuguese shopping malls, block trades expected to dominate South African ECM
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South African mining firm raised €500m through triple tranche green loan to fund Finnish lithium project
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Investors do not expect the sovereign will come to the Eurobond market any time soon