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News
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Brazil's Bradesco ducked the mid-week market volatility with a $1 billion bond on Monday, underscoring strong appetite for Latin American financial issuers
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Mexican glassmaker's debt restructuring offer – triggered by the company's lossess on derivative contracts in 2008 – is likely to be rejected this month, as the company can afford to offer better terms
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Emerging market bond prices are set to hold firm this month as low issuance volumes, excess cash on the sidelines and strong economic growth offset global fears over the US economy, analysts said on Thursday.
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Chilean state oil company Enap paid up for its $500m bond issue with a 10 year 5.303% deal, as its high debt burden and plummeting creditworthiness conspire to hike borrowing costs.
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Argentine province Cordoba looked set to open a new chapter in the country’s debt capital markets history yesterday, with a 12.5% seven year deal, the first non-private placement or debt restructuring deal since 2001.
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Barbados underlined the strength of appetite for emerging markets exposures this week, attracting $900m of orders for its latest Eurodollar bond issue —a $200m 12 year 144a private placement on Tuesday.
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The BRIC economy entered new territory in global bond markets on Tuesday with a record-breaking 4.547% yield, the lowest interest rate for a 10-year deal in the sovereign's debt capital markets history.
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Chile made debt capital market history on Thursday, achieving the lowest ever yield for a Latin American sovereign, with a blowout $1.52bn bond, split between dollars and pesos.
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BanColombia and Brazil’s Banco Votorantim attracted over $5bn of demand for their subordinated tier two bank debt early this week, underscoring strong demand for Latin American financial paper
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Zambia’s drive to acquire an international credit rating will encourage the government and mining companies to issue international bonds, the country’s central bank governor has said
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The African Development Bank’s bid to mobilize domestic savings by creating a regional bond fund will hit a wall unless it stumps up cash and provides a credit guarantee, monetary policy officials warned this week
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Standard Bank has a $1.35 billion war chest for international acquisitions that will initially target commercial and retail banks in Nigeria, its deputy CEO Ben Kruger said on Thursday
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Sierra Leone is confident that it, like Ghana, will strike oil offshore, and is already building technical capacity in anticipation, its energy minister Ogunlade Davidson told Emerging Markets
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New agricultural technologies, rather than money or food aid, are the key to saving millions from starvation as the African climate grows warmer, an expert commented on Thursday
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Efforts to make African governments accountable have suffered setbacks, due to pressures generated by the global volatile economic environment, experts and activists warned in Abidjan this week
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Zimbabwe’s president Robert Mugabe has finally agreed to seek debt relief for his battered country under the Highly Indebted Poor Countries (HIPC) programme – after stubbornly denouncing its terms as humiliating
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Outstanding African Development Bank loans and equity are set to double to $30.2 billion within five years, the institution’s president Donald Kaberuka said in Abidjan on Thursday
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Global markets surged for a second day yesterday following a bout of turmoil not seen since the dark days of the global financial crisis. But leading economists warned that the global recovery remained on thin ice
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Calls are growing for a rebalancing of Sino-African ties amid mounting fears Africa’s failure to deepen its commercial leverage with the Asian giant will blight the continent’s economic destiny
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The tougher US regulation that is sure to follow the Deepwater Horizon oil spill in the Gulf of Mexico could divert some attention to west Africa offshore oil regions, some industry observers believe
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