Africa

  • Tunisia: hopes for IMF agreement by year end, restructuring ‘not even on the table’

    Tunisia: hopes for IMF agreement by year end, restructuring ‘not even on the table’

    Days after the Tunisian President Kais Saied shocked the world by freezing parliament and boosting his executive power, sources say that investors have little to be concerned about as conversations with the IMF continue to progress. The political saga, which some are calling ‘much-needed’, will not impact Tunisia’s ability to service its debt.

  • Rwanda mandates for return after eight year hiatus

    Rwanda mandates for return after eight year hiatus

    The Republic of Rwanda is set to return to the international bond market for a dollar bond, joining a club of sub-Saharan African sovereigns that have taken advantage of attractive funding conditions in recent weeks.

  • Tunisia bonds fall as ‘coup’ sends shockwaves

    Tunisia bonds fall as ‘coup’ sends shockwaves

    A decade after the Arab Spring erupted in Tunisia, the country has found itself once again in the throes of a political crisis, sending shockwaves through investors. The president’s abrupt seizing of executive power — which some have labelled a coup — poses yet another challenge for the country, though some said there may be buying opportunities on the horizon.

  • Nigeria bond on horizon as appetite remains for HY EM

    Nigeria bond on horizon as appetite remains for HY EM

    Bond market participants are eagerly anticipating a trade from Nigeria in the coming weeks, which would be the seventh sub-Saharan African sovereign new issue since the start of the year, with issuers making the most of the hunger for high yielding credits.

  • Benin launches SDG debut amid doubts over sustainability of HY EM issuance

    Benin launches SDG debut amid doubts over sustainability of HY EM issuance

    The Republic of Benin launched its debut SDG (Sustainable Development Goals) bond in its second international offering of the year, following a two year hiatus. Market participants say although deals like Benin’s are getting over the line, concerns are brewing over the sustainability of high yield sovereigns tapping investors so freely.

  • Benin back in bonds with rare ESG African sov mandate

    Benin back in bonds with rare ESG African sov mandate

    The Republic of Benin plans to be the first sub-Saharan African sovereign to tap the international bond market twice in 2021. The sovereign this week intends to sell a bond with a sustainability feature, making it one of the first in the region.

Africa News Archive