African corporate bond sales hit $13.3bn, fastest pace in five years, Bank of America says

African corporate bond sales hit $13.3bn, fastest pace in five years, Bank of America says

African firms raise $13.3bn in hard-currency bonds as large deals refinance old debt, BofA says, but refinancing and nearly $7bn of 2028 maturities temper the rebound.

AfDB Raises $2.5bn Through Bonds As Investor Demand Hits $4.8bn

The African Development Bank (AfDB) has raised $2.5 billion through a new US dollar bond issuance, attracting investor orders worth $4.8 billion. The bank in a statement said the three-year global benchmark bond, priced on October 21 and due January 18, 2030, was issued at a fixed coupon of 4.875 per cent, with a re-offer […]

AfDB raises $2.5 billion in global bond as orders hit $4.8 billion

The African Development Bank (AfDB) has raised $2.5 billion through a three-year global benchmark bond after investor orders reached $4.8 billion, nearly twice the amount issued.