News

Saudi Aramco raises world’s biggest IPO

Valued at over US$2 trillion, the state-owned Saudi oil giant recently listed 1.5% of its shares. But questions remain about whether the valuation is accurate and how the stock will perform over the longer term. 

Appointments | Absa

Armed with two decades’ experience at South Africa’s central bank, Mminele is hoping to reverse Absa’s fortunes at a challenging time.

AFC stretches maturity as spreads plunge

Multilateral lender Africa Finance Corporation printed a 10 year Eurobond at the end of October, with the issuer taking advantage of falling yields globally to push its still-nascent curve to its longest maturity.

An alternative bull run

With prices rocketing in mainstream markets, it might be surprising that alternative assets have also shone this year. EMEA Finance spoke to Cyril Delamare, chief executive officer of UCITS platform MontLake, to find out where the alternative investment market is headed.

OTP Bank makes triumphant Eurobond return

Hungary’s largest bank OTP returned to the international benchmark bond markets for the first time in more than a decade in July, with the bank able to take advantage of a highly receptive audience to place a solid €500mn subordinated trade. 

Better days for Ghana

The world’s fastest growing economy is benefiting from increased oil production and comprehensive banking reforms. However, public debt levels remain a key concern particularly with an election approaching.