Ghana’s $750m 10-year Eurobond issue is another in a series of firsts from the republic and observers are hoping it heralds the blooming of Africa’s capital markets. Edward Russell-Walling reports.
Latest articles from Issuers
RBS makes history
November 5, 2007Funding for RBS’ share of the ABN AMRO takeover has been secured with the largest ever Tier 1 capital securities issue. RBS director of capital management Ron Huggett talks to Edward Russell Walling.
NIB excites feeding frenzy
October 1, 2007Nordic Investment Bank is demonstrating that it is a quality AAA name with its search for funding diversity leading it to success in international pastures, and hungry bankers knocking on its door begging for short-term paper. Edward Russell-Walling reports.
Enel goes to bond market
August 1, 2007Italy’s Enel is set to become a bond market regular, following its successful bid for Spain’s Endesa. Finance chief Claudio Machetti talks to Edward Russell-Walling about its latest corporate issue.
Tight funding levels, higher volumes
July 4, 2007A $3bn global bond, a €5bn benchmark deal – and the year is barely half started. Edward Russell-Walling reports on KfW’s labours.
EIB grasps the green nettle
July 2, 2007The European Investment Bank aims to aid integration and development of EU member states, and has launched ‘climate awareness’ bonds as part of its strategy. Edward Russell-Walling talks to director-general Bertrand de Mazières.
Selling junk to hit gold
May 7, 2007When a merger fell through last autumn, mining company Freeport-McMoRan was undeterred. It has just bought a rival and issued the world’s biggest junk bond to pay for it. Edward Russell-Walling explains.
Turkey’s Calik full of energy
April 2, 2007Turkey-based Calik Holding, keen to finance its overseas purchases in areas ranging from construction and telecoms to banking and energy, has burst on to the international stage with a $200m debt issue. Edward Russell-Walling reports.
African attractions grow
March 5, 2007The viability of capital markets in African countries is looking more promising, underlined by a successful bond issue denominated in naira by the African Development Bank. Edward Russell-Walling reports.
Linkers market diversity grows
May 3, 2004Although sovereign issuers have so far dominated the inflation-linked bond market, the number and diversity of issuers is beginning to grow along with the investor base.