Tag Archive for 'eurobond'
May 13th, 2018 by Tom Minney
There are 108 African companies listed or trading on the London Stock Exchange with total market capitalization of over $200 billion ($271bn). In the last 10 years they have raised more than $16 bn on London’s markets.
October 30th, 2015 by Tom Minney
Nigeria’s booming fixed interest and currency securities exchange FMDQ OTC Plc (“over-the-counter”) recorded market turnover of NGN93.9 trillion ($471.7 billion) for the 8 months to 31 August.
December 5th, 2014 by Tom Minney
Ethiopia saw soaring demand yesterday (4 Dec) for its debut $1bn Eurobond, after a quick US roadshow. Total demand was $2.6bn and the yield on the 10-year bond was settled at a relatively low 6.625%.
October 10th, 2014 by Tom Minney
The Nairobi Securities Exchange went live trading government and corporate bonds on an automated trading system, marking another step into Africa for South Africa’s financial software development company Securities Trading & Technology Pty (STT).
October 9th, 2014 by Tom Minney
Ethiopia’s Finance Minister is meeting international banks Barclays, Citi and BNP Paribas about a planned Eurobond issue for late December 2014 or January 2015. The amount is unknown, the duration is likely to be “at least 10 years”.
August 12th, 2014 by Tom Minney
Rwanda plans to return to Eurobond markets in 2015 and raise up to $1 billion for infrastructure, including an airport and power plants.
June 28th, 2014 by Tom Minney
Global investors offered a record $8.8bn and Kenya issued $0.5bn in a 5-year Eurobond at 5.875% and $1.5bn of a 10-year Eurobond at 6.875%.
May 12th, 2014 by Tom Minney
Ethiopia, Africa’s fifth biggest economy, is thinking of a debut Eurobond, after it received its first international credit ratings on 9 May: it got B from Fitch and B/B from Standard & Poors.
February 6th, 2014 by Tom Minney
Tanzania is planning to issue a first Eurobond of up to $1 billion, but the issue could be delayed until after June, according to Reuters.
May 13th, 2013 by Tom Minney
African countries (apart from South Africa) are set to place $7 billion of debt this year, buoyed by low interest rates and a huge global appetite. It is more than the previous 5 years combined and African capital markets are feeling the boom.