debt capital markets |

Global bond issuance at $2.1 trillion in first four months of 2018

LAGOS (Capital Markets in Africa) – S&P Global Ratings indicated that the global issuance of corporate bonds, U.S. public finance bonds, other international public finance bonds and structured finance products totalled $2.07 trillion in the first four months of 2018, up by 1% from $2.05 trillion in the same period of 2017. In comparison, it said that global bond issuance reached $5.4 trillion in 2015 and $6.1 trillion in 2016. It attributed the year-on-year increase in the first four months…

Kenya Requests Extension on Repayment of $750 Million Loan

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya has repaid 10 percent of a $750 million two-year syndicated loan that was due in October and asked creditors to give the government until April to pay the rest, Treasury Secretary Henry Rotich said. East Africa’s biggest economy secured the loan from Citigroup Inc., Standard Bank Limited and Standard Chartered Plc in October 2015. It intended to return the cash using the proceeds of a Eurobond that’s yet to be sold, Rotich told reporters Tuesday…

Nigeria Plans to Sell $5.5 Billion of Eurobonds by Year-End

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria plans to sell as much as $5.5 billion of Eurobonds in the next three months to fund capital projects and replace local-currency debt, according to the Debt Management Office. Yields on existing bonds rose to the highest in two months. The new offers would bring the amount raised through Eurobond sales by Africa’s most-populous nation this year to more than $7 billion as President Muhammadu Buhari’s administration restructures its…

INTO AFRICA August 2017 Edition: Delivering Value via African Capital Markets

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Welcome to the August edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging markets. This month edition focuses on Capital Markets in Africa and titled: Delivering Values via African Capital Markets. The capital market is one of the key components of the engine of a modern economy, as it mobilises and pools savings from the public and efficiently channels them into business investments. It also helps…