The President of the Republic, Paul Biya, on Thursday 29 June 2017,signed a number of decrees appointing new generals in the military and Gendarme forces. Eleven colonels were raised to the ranks of brigadier general while six others have been admitted into the second section within the army.. Precisely, they are six colonels of the gendarmerie, four of the army and one of the air force.
The
African Export-Import Bank (Afreximbank) has successfully closed a $750
million note under its Euro Medium Term Note programme.
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Afreximbank
closed the seven-year Regulation S (Reg S) only notes on 13 June,
priced at a spread of 220 bps over mid-swaps (m/s) and a coupon of 4.125
per cent, with Mitsubishi UFJ Securities International plc as the sole
coordinator and joint lead manager/book runner. (Reg S are bonds or
stocks that may not be offered, sold or delivered within the United
States.)
Barclays Bank plc., HSBC Bank plc., Commerzbank and Standard Chartered Bank were joint lead managers and book runners.
This deal tenor represents the longest that Afreximbank has ever
achieved in the Eurobond market and will help the Bank to extend the
average tenor of its liability book in support of its new five-year
strategic plan dubbed Impact 2021.
The order book reached $2.7 billion before being scaled back to $2.2
billion after the initial pricing thoughts were revised from m/s plus
250 basis points (bps), down to m/s plus 220 bps. In the end, 39 per
cent of the allocation went to continental Europe, 28 per cent to the
United Kingdom, 19 per cent to Asia, and 7 per cent each to the Middle
East and Africa and the United States offshore.
Prior to pricing the transaction, Afreximbank met with more than 60
investors during comprehensive roadshows held across Asia, continental
Europe and the United Kingdom.
Speaking after the closing, Denys Denya, Afreximbank’s Executive Vice
President in charge of Finance, Administration and Banking Services,
said that the deal would be of great benefit to the Bank’s African
borrowers who would enjoy the positive effects of the reduction in the
Bank’s cost of funds.
“The level of subscription and diversification of investors, coupled
with the highly competitive pricing achieved, is testimony to the
continued investor confidence in Afreximbank,” he said. According to
him, the strong feedback from the road shows confirm investor confidence
in Afreximbank’s credit profile and strategy, notably, their
satisfaction with its successful equity capital raising efforts.
He commended the Afreximbank Treasury team for putting together the
deal which was executed within a short window and priced lower than all
previous 5 year issues.
The achieved spread of 220 bps over m/s for the seven-year issue is
100.5 bps lower than the 2019s, which were priced at m/s plus 320.5 bps,
and 80 bps lower than the 2024s, priced at m/s plus 300 bps, both being
five-year issues.
The
African Export-Import Bank (Afreximbank) has successfully closed a $750
million note under its Euro Medium Term Note programme.
Afreximbank closed the seven-year Regulation S (Reg S) only notes on
13 June, priced at a spread of 220 bps over mid-swaps (m/s) and a coupon
of 4.125 per cent, with Mitsubishi UFJ Securities International plc as
the sole coordinator and joint lead manager/book runner. (Reg S are
bonds or stocks that may not be offered, sold or delivered within the
United States.)
Barclays Bank plc., HSBC Bank plc., Commerzbank and Standard Chartered Bank were joint lead managers and book runners.
This deal tenor represents the longest that Afreximbank has ever
achieved in the Eurobond market and will help the Bank to extend the
average tenor of its liability book in support of its new five-year
strategic plan dubbed Impact 2021.
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .The
order book reached $2.7 billion before being scaled back to $2.2
billion after the initial pricing thoughts were revised from m/s plus
250 basis points (bps), down to m/s plus 220 bps. In the end, 39 per
cent of the allocation went to continental Europe, 28 per cent to the
United Kingdom, 19 per cent to Asia, and 7 per cent each to the Middle
East and Africa and the United States offshore.
Prior to pricing the transaction, Afreximbank met with more than 60
investors during comprehensive roadshows held across Asia, continental
Europe and the United Kingdom.
Speaking after the closing, Denys Denya, Afreximbank’s Executive Vice
President in charge of Finance, Administration and Banking Services,
said that the deal would be of great benefit to the Bank’s African
borrowers who would enjoy the positive effects of the reduction in the
Bank’s cost of funds.
“The level of subscription and diversification of investors, coupled
with the highly competitive pricing achieved, is testimony to the
continued investor confidence in Afreximbank,” he said. According to
him, the strong feedback from the road shows confirm investor confidence
in Afreximbank’s credit profile and strategy, notably, their
satisfaction with its successful equity capital raising efforts.
He commended the Afreximbank Treasury team for putting together the
deal which was executed within a short window and priced lower than all
previous 5 year issues.
The achieved spread of 220 bps over m/s for the seven-year issue is
100.5 bps lower than the 2019s, which were priced at m/s plus 320.5 bps,
and 80 bps lower than the 2024s, priced at m/s plus 300 bps, both being
five-year issues.
The
African Export-Import Bank (Afreximbank) has successfully closed a $750
million note under its Euro Medium Term Note programme.
Afreximbank closed the seven-year Regulation S (Reg S) only notes on
13 June, priced at a spread of 220 bps over mid-swaps (m/s) and a coupon
of 4.125 per cent, with Mitsubishi UFJ Securities International plc as
the sole coordinator and joint lead manager/book runner. (Reg S are
bonds or stocks that may not be offered, sold or delivered within the
United States.)
Barclays Bank plc., HSBC Bank plc., Commerzbank and Standard Chartered Bank were joint lead managers and book runners.
This deal tenor represents the longest that Afreximbank has ever
achieved in the Eurobond market and will help the Bank to extend the
average tenor of its liability book in support of its new five-year
strategic plan dubbed Impact 2021.
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .The
order book reached $2.7 billion before being scaled back to $2.2
billion after the initial pricing thoughts were revised from m/s plus
250 basis points (bps), down to m/s plus 220 bps. In the end, 39 per
cent of the allocation went to continental Europe, 28 per cent to the
United Kingdom, 19 per cent to Asia, and 7 per cent each to the Middle
East and Africa and the United States offshore.
Prior to pricing the transaction, Afreximbank met with more than 60
investors during comprehensive roadshows held across Asia, continental
Europe and the United Kingdom.
Speaking after the closing, Denys Denya, Afreximbank’s Executive Vice
President in charge of Finance, Administration and Banking Services,
said that the deal would be of great benefit to the Bank’s African
borrowers who would enjoy the positive effects of the reduction in the
Bank’s cost of funds.
“The level of subscription and diversification of investors, coupled
with the highly competitive pricing achieved, is testimony to the
continued investor confidence in Afreximbank,” he said. According to
him, the strong feedback from the road shows confirm investor confidence
in Afreximbank’s credit profile and strategy, notably, their
satisfaction with its successful equity capital raising efforts.
He commended the Afreximbank Treasury team for putting together the
deal which was executed within a short window and priced lower than all
previous 5 year issues.
The achieved spread of 220 bps over m/s for the seven-year issue is
100.5 bps lower than the 2019s, which were priced at m/s plus 320.5 bps,
and 80 bps lower than the 2024s, priced at m/s plus 300 bps, both being
five-year issues.
The
African Export-Import Bank (Afreximbank) has successfully closed a $750
million note under its Euro Medium Term Note programme.
Afreximbank closed the seven-year Regulation S (Reg S) only notes on
13 June, priced at a spread of 220 bps over mid-swaps (m/s) and a coupon
of 4.125 per cent, with Mitsubishi UFJ Securities International plc as
the sole coordinator and joint lead manager/book runner. (Reg S are
bonds or stocks that may not be offered, sold or delivered within the
United States.)
Barclays Bank plc., HSBC Bank plc., Commerzbank and Standard Chartered Bank were joint lead managers and book runners.
This deal tenor represents the longest that Afreximbank has ever
achieved in the Eurobond market and will help the Bank to extend the
average tenor of its liability book in support of its new five-year
strategic plan dubbed Impact 2021.
.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .The
order book reached $2.7 billion before being scaled back to $2.2
billion after the initial pricing thoughts were revised from m/s plus
250 basis points (bps), down to m/s plus 220 bps. In the end, 39 per
cent of the allocation went to continental Europe, 28 per cent to the
United Kingdom, 19 per cent to Asia, and 7 per cent each to the Middle
East and Africa and the United States offshore.
Prior to pricing the transaction, Afreximbank met with more than 60
investors during comprehensive roadshows held across Asia, continental
Europe and the United Kingdom.
Speaking after the closing, Denys Denya, Afreximbank’s Executive Vice
President in charge of Finance, Administration and Banking Services,
said that the deal would be of great benefit to the Bank’s African
borrowers who would enjoy the positive effects of the reduction in the
Bank’s cost of funds.
“The level of subscription and diversification of investors, coupled
with the highly competitive pricing achieved, is testimony to the
continued investor confidence in Afreximbank,” he said. According to
him, the strong feedback from the road shows confirm investor confidence
in Afreximbank’s credit profile and strategy, notably, their
satisfaction with its successful equity capital raising efforts.
He commended the Afreximbank Treasury team for putting together the
deal which was executed within a short window and priced lower than all
previous 5 year issues.
The achieved spread of 220 bps over m/s for the seven-year issue is
100.5 bps lower than the 2019s, which were priced at m/s plus 320.5 bps,
and 80 bps lower than the 2024s, priced at m/s plus 300 bps, both being
five-year issues.
The
African Export-Import Bank (Afreximbank) has successfully closed a $750
million note under its Euro Medium Term Note programme.
Afreximbank closed the seven-year Regulation S (Reg S) only notes on
13 June, priced at a spread of 220 bps over mid-swaps (m/s) and a coupon
of 4.125 per cent, with Mitsubishi UFJ Securities International plc as
the sole coordinator and joint lead manager/book runner. (Reg S are
bonds or stocks that may not be offered, sold or delivered within the
United States.)
Barclays Bank plc., HSBC Bank plc., Commerzbank and Standard Chartered Bank were joint lead managers and book runners.
This deal tenor represents the longest that Afreximbank has ever
achieved in the Eurobond market and will help the Bank to extend the
average tenor of its liability book in support of its new five-year
strategic plan dubbed Impact 2021.
.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .The
order book reached $2.7 billion before being scaled back to $2.2
billion after the initial pricing thoughts were revised from m/s plus
250 basis points (bps), down to m/s plus 220 bps. In the end, 39 per
cent of the allocation went to continental Europe, 28 per cent to the
United Kingdom, 19 per cent to Asia, and 7 per cent each to the Middle
East and Africa and the United States offshore.
Prior to pricing the transaction, Afreximbank met with more than 60
investors during comprehensive roadshows held across Asia, continental
Europe and the United Kingdom.
Speaking after the closing, Denys Denya, Afreximbank’s Executive Vice
President in charge of Finance, Administration and Banking Services,
said that the deal would be of great benefit to the Bank’s African
borrowers who would enjoy the positive effects of the reduction in the
Bank’s cost of funds.
“The level of subscription and diversification of investors, coupled
with the highly competitive pricing achieved, is testimony to the
continued investor confidence in Afreximbank,” he said. According to
him, the strong feedback from the road shows confirm investor confidence
in Afreximbank’s credit profile and strategy, notably, their
satisfaction with its successful equity capital raising efforts.
He commended the Afreximbank Treasury team for putting together the
deal which was executed within a short window and priced lower than all
previous 5 year issues.
The achieved spread of 220 bps over m/s for the seven-year issue is
100.5 bps lower than the 2019s, which were priced at m/s plus 320.5 bps,
and 80 bps lower than the 2024s, priced at m/s plus 300 bps, both being
five-year issues.
When News Breaks Out, We Break In. (The 2014 Bloggies Finalist)