News

Underwhelming year for African sovereign borrowing

Only four African sovereigns have tapped the international bond markets this year, with borrowers forced to seek alternative means of raising capital. The prospect for issuance next year is likely to remain muted with investors turning increasingly selective. 

EIG Peal brings debut bond to tricky market

Part owners in Saudi Aramco’s oil pipeline network EIG Peal Holdings had to settle for less than it wanted in a tough bond market, with more bonds linked to the infrastructure sector expected from the Middle East this year.