Tag: Bond

Ecobank to raise funds via dollar bonds
Big Business Global

Ecobank to raise funds via dollar bonds

Pan-African lender, Ecobank said it is looking at raising debt capital via a dollar bond sale. According to Reuters News, Ecobank decided to issue a five-year dollar-denominated bond after an investor meeting. Reuters said in the report that Ecobank has hired Deutsche Bank, Standard Bank and Standard Chartered to arrange […]

Trafigura raises CHF165 million for inaugural senior bond
Global

Trafigura raises CHF165 million for inaugural senior bond

Trafigura Group, one of the world’s leading independent commodity trading companies, has announced the successful pricing of its inaugural Swiss franc senior bond for CHF165 million and 5-year maturity. The bond, priced at 2.25 percent, was issued by Trafigura Funding S.A. under its European Medium Term Notes (EMTN) programme and […]

Kering redeems €405 million bond offer
Europe Global

Kering redeems €405 million bond offer

Kering has announced an offer to redeem four bond issues maturing in 2019, 2020, 2021 and 2022 at a par value of €405 million (excluding accrued interest) launched on 26th March 2018. The amounts redeemed break down as follows: • €200 million (par value) of a first issue of €500 […]

Nigeria issues NGN100 billion sovereign Sukuk
Policy

Nigeria issues NGN100 billion sovereign Sukuk

Africa’s largest economy, Nigeria has once again diversified its borrowing options by issuing a NGN100 billion Sukuk for local investors. According to a memo issued by the debt service office, the Sukuk bond will be used to fund road infrastructure. The bond will carry a seven-year tenor with a yield […]

KfW issues USD4 billion two year bond
Global

KfW issues USD4 billion two year bond

KfW has just issued a year USD4 billion benchmark bond. The issue is a restart to the USD funding with a liquid global benchmark bond. The bank said in a statement thet: “this shows the ongoing international demand for the KfW name. With the issuance of its 2y global bond […]

Kenya sells M-Akiba, the world first mobile bond sale
Tech

Kenya sells M-Akiba, the world first mobile bond sale

Kenya has started selling M-Akiba, a government bond that will be sold exclusively via mobile phones, a first of its kind aimed at expanding the pool of investors in a country that needs money for infrastructure projects and where many people don’t have a bank account. The three-year bond, (M-Akiba) can […]