In advance of our Bonds, Loans & Sukuk Nigeria 2018 conference and forthcoming special report on the region, Bonds & Loans met with a broad range of local finance leaders in order to get a sense of the risks and opportunities on the horizon.
The West African nation was able to extend its debt profile with the first ever EUR 30-year tranche from the continent’s sovereigns and the largest ever EUR-denominated issue by an African sovereign.
In advance of our Bonds, Loans & Sukuk East Africa 2018 conference and forthcoming special report on the region, Bonds & Loans visited the region to meet with a broad range of finance leaders in order to get a sense of the risks and opportunities on the horizon.
Senegal shook up the Sub Saharan African issuance pipeline with its largest ever international bond at its longest tenor to date, setting a new benchmark for Sub Saharan Africa sovereign borrowers with its widely welcomed 30-year addition to the curve.
Will 2018 see more African corporates tap into the public debt market? Are green bonds, sukuk, and other alternative fixed income structures likely to grow in prominence across the continent this year? And will political reversals in some of the region’s largest economies be matched by deep reform? Bonds & Loans spoke with dozens of borrowers, investors, bankers and government representatives at Africa’s largest debt capital markets conference – Bonds, Loans & Sukuk Africa – to get a sense of the key trends likely to dominate the region’s credit markets over the coming year.
Africa has a thriving telecoms sector with huge growth potential, but economic and political risks appear elevated – particularly in the continent’s largest economies. Thuto Shomang, Group Executive – Treasury at MTN Group, Africa’s largest mobile telecoms operator, talks to Bonds & Loans about the company’s funding objectives in 2018, and shares his views on how US monetary policy and credit ratings could weigh on MTN’s bid to diversify its sources of funding.
In 2011 winds of change swept through MENA, and what followed was a tumultuous period for many African economies in particular. Seven years on, some, like Libya, are still struggling to recover from the turmoil, but others, like Tunisia or Morocco, are revitalized and in many ways emboldened. Indeed, many of their markets have much to show for it.
African borrowers have boosted international borrowing over the past few years, but have investor perceptions of the benefits – and risks – inherent to investing on the continent changed during that period? Bonds & Loans speaks with Union Privatfonds EM Corporate Debt Head Sergey Dergachev about how African assets figure within his fixed income portfolios.
The Eastern and Southern African Trade and Development Bank, known more commonly as TDB and, formerly, PTA Bank, is a specialized African regional FI - one of the fastest growing investment grade rated multilateral DFIs on the continent. We speak to Abraham Byanyima, Treasury Executive, about the bank’s recent dual-tranche conventional & Islamic bond, East Africa’s private banking industry and TDB’s borrowing plans.
Angola’s new President João Lourenço – locally referred to as J-LO – has had a busy first 100 days in office. Under the mantle of high popularity, he has been implementing core changes that are putting the country onto a different, necessary, and most likely difficult, path. Is all of this leading the country towards an IMF programme? It would be music to investors' ears if it were.
- Brown Brothers Harriman: Frontier Sovereign Rating Model for Q1 2018
- Upturn for Nigeria’s Debt Capital Markets Threated by Election Uncertainty, Rising Oil Price
- Mixta Africa CFO Talks Long-Term Liquidity for Nigerian Corporates
- Zimbabwe Recovery Huge Boon for Foreign Banks, Credit Markets – If Regulators Can Pull Off Reforms
- Sunny Outlook for Egypt’s Renewables as DFIs Make Way for Commercial Banks
11 Apr 2018