November 16, 2011

Other Countries

More appetite for African bonds in 2012

2012 could be an active year for African bonds and particularly eurobonds, judging by the 5.5 times oversubscription for the Namibia’s debut $500 million, 10-year Eurobond. However, timing and terms of issues will be crucial in the turbulent markets.

Other Countries

Namibia’s first US$500m Eurobond

The Namibian government issued a debut US$500 million, 10-year Eurobond on 27 October and got a price of 5.75%, taking advantage of a lull in the capital markets turmoil.

Exchange news

Securities Africa – thanks for supporting charity trading day

Securities Africa held its annual Charity Trading Day on 9 November. The broker-dealer teamed up with Child Welfare SA and 100% of all revenue and commissions went to the charity.