Luminor Bank weans off parent funding

The Baltic’s Luminor Bank has printed an inaugural €350mn public bond, as the financial institution prepares itself for new majority ownership from a Blackstone-led private equity consortium.

Benin latest African sovereign debt debut – for now.

The Republic of Benin became the latest African sovereign to debut in the international bond markets in March followed quickly by frequent issuer Ghana. Bankers working in the West and Central Africa region anticipate that over the medium term more borrowers from the region will access international capital markets. 

Kuwait upgrade to spark equity frenzy

Kuwait has been reclassified as a secondary emerging market by the FTSE Global Equity Index, an upgrade from unclassified that is expected to bring up to US$1bn of foreign investment into the country.