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South Africa’s inability to effectively prosecute guilty parties for various financial crimes, is one of the biggest reasons for the possible grey listing. ....
Given the current market backdrop, there is a lot of uncertainty that investors face both in local and global markets as we navigate 2022. The most powerful protection against market volatility and uncertainty is diversification within portfolios, says Debra Slabber. ....
The debt jurisdiction affects a government’s ability to restructure its debt, is key to shaping the restructuring process, and affects the timing and conditions of market access. This column introduces a new database that codes sovereign defaults according to the legal jurisdiction governing the debt instruments. The database offers an overview of the last four decades of ....
Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully priced its $300m bond issuance maturing in February 2026, with settlement of the bond to take place on February 16, 2021. The fixed-rate, US dollar-denominated bond, with a tenor of five years, carries a coupon rate of 7.125% and will be listed on the London Stock Exchange. It is accompanied by an Issuer Rating of B- from Fitch Rating Agency and S&P. The coupon / yield represents the lowest ever coupon / yield achieved by a Nigerian financial institution for a benchmark bond transaction. At the peak of marketing the transaction, the issue was over three times oversubscribed, with significant interest from international investors. ....