Investors also demonstrate keen interest in Russian Eurobonds
denominated in other currencies than USD.
The issue of the Eurobond
has been put on hold until the market conditions stabilize, Finance Minister Zoran Stavreski said in his interview with Reuters.
BEIRUT: The Central Bank is expected to receive around $1 billion in the form of either a deposits or subscription to Lebanese sovereign Eurobonds
soon, sources revealed Thursday.
The sale of Eurobonds
maturing in 2029 with a yield of 3.95 per cent raised $1.5bn while the 2035 Eurobond
, with a yield of 4.3 per cent, raised $1bn.
"The proceeds from this Eurobond
will be used to finance some of the development infrastructure projects, the general budgetary expenditure (in accordance with the applicable legal requirements) and to refinance part or all the obligations outstanding under the $750 million (Sh75.8 billion) Eurobond
due in June 24, 2019 and potentially part of the other debt obligations," Treasury Cabinet Secretary Henry Rotich wrote on Wednesday in a statement that heavily praised the success of the Eurobond
.INFRASTRUCTUREThe mention of 'some of the development infrastructure projects' revives memories of the controversial 2014 bond.
Investors previously expressed interest in buying eurobonds
by more than $ 1.5 billion.
The central bank acquired the Eurobonds
through two debt swaps with the Ministry of Finance.
The Lebanon central bank has said that it has sold Eurobonds
New, sixth in a row, Eurobond
is in the making in Macedonia which would be issued in the last quarter of 2017 to pay the mature debts for next year.
Summary: Corporate Eurobonds
: State Oil Company of Azerbaijan (SOCAR) Eurobond
(SOIAZ 03/30) closed at 6.0% yield, trading at 109.0 (+0.3% w/w).
In 2006, Seychelles was one of the first Sub-Saharan Africa (SSA) countries to make its foray into the international financial markets with the issue of its $200 million Eurobond
. Since then, several other SSA countries (Ghana, Gabon, Senegal, Nigeria, Namibia, Cote d'Ivoire, Zambia, Rwanda, Kenya, Ethiopia) have issued Eurobonds
, with values generally ranging from $500m to $1bn.