Top Stories from IFR Magazine - SSAR
Inter-American Development Bank issued last week’s biggest SSA Kangaroo - a A$125m 10.5-year sale on Thursday via joint leads JP Morgan and Mizuho.
Gabon managed to cover a US$200m reopening of its US$500m 6.95% June 2025s by three times, making a successful trip to the international markets for the first time since 2015.
Jamaica has launched a cash tender for about US$750m of outstanding bonds maturing in 2019, 2021, 2022 and 2025.
NRW.Bank and FMS Wertmanagement both raised US dollars at the short end of the curve last week, although the two issuers adopted different approaches to the market.
Bahrain’s government has hired banks for a planned US dollar-denominated bond, sources familiar with the matter said on Tuesday, with one saying the sovereign could be looking to raise as much as US$2.5bn.
Nigeria plans to refinance US$3bn-equivalent of treasury bills denominated in the local currency with US dollar borrowing to lower costs and improve its debt position, Reuters reported the finance minister as saying last Wednesday.