Rwanda to fund airport and power with $1bn Eurobond in 2015
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.
Tag Archive for 'Standard Bank'
Safeguarding investments – custody banks spur growth of African capital markets
November 15th, 2013 by Tom Minney
Giant inflows of investment capital to the African markets is spurring an increase in the banks offering custody services, but global players are held back by differences in infrastructure and legal structures and practice.
Rerating of emerging and frontier markets debt risks will boost issues
September 19th, 2012 by Tom Minney
World investors and debt-rating agencies should rethink criteria for evaluating political and other risk. “Risk is up for developed markets (DM) and down for Emerging Markets (EM)” was a key message from a Thomson Reuters conference in London on 18 September.
Zambia’s debut $750m Eurobond puts focus on Africa
September 14th, 2012 by Tom Minney
Zambia went to the global market yesterday (13 September) with its first eurobond, a USD750 million 10-year bond priced at a 5.625%. It will be used to fund its budget and invest in infrastructure and the issue highlights “great appetite” for African credit.
Uganda’s power distributor Umeme says it plans Nairobi and Uganda IPOs this year
July 12th, 2012 by Tom Minney
Uganda’s only power distributor, Umeme, said it plans to raise capital to invest in Uganda’s electricity sector through an initial public offering (IPO) on the Ugandan and Nairobi securities exchanges later in 2012
Getting Africa to use more carbon financing – COP 17 workshop
December 6th, 2011 by Tom Minney
Africa is using much less than its share of global financing available for carbon reduction projects, but the process to apply is complicated and a special facility has been set up to help. The African Carbon Asset Development facility has funded successful projects to reduce carbon emissions in Africa.
More appetite for African bonds in 2012
November 16th, 2011 by Tom Minney
2012 could be an active year for African bonds and particularly eurobonds, judging by the 5.5 times oversubscription for the Namibia’s debut $500 million, 10-year Eurobond. However, timing and terms of issues will be crucial in the turbulent markets.
Namibia’s first US$500m Eurobond
November 16th, 2011 by Tom Minney
The Namibian government issued a debut US$500 million, 10-year Eurobond on 27 October and got a price of 5.75%, taking advantage of a lull in the capital markets turmoil.
Senegal’s $500m Eurobond offers good yield
May 13th, 2011 by Tom Minney
Senegal has successfully re-priced its yield curve by issuing a more liquid 10-year $500 million Eurobond carrying a coupon of 8.75%. The bond was priced at 97.57 when it was bid on 6 May, the equivalent of a yield of 9.125%.