Market Insight: June 05, 2012

Africa

•  Vodacom to retain Congo unit stake as court cancels forced sale
•  South Sudan’s May inflation rate soars to 79.5% as food and alcohol costs surged, up from 29.6% in April
•  Tanzania’s water regulator approves 32% increase in tariffs
•  Ivory Coast 3-year bonds 20% oversubscribed

Nigeria

•  ASI -81bps, $13.82mill
•  Exxon Mobil concludes $1.5bn financing agreement with Nigerian National Petroleum Corp to fund offshore oil exploration

Kenya

•  ASI -27bps, $1.7mill
•  Nairobi City Council looking to find cheaper loans to retire the KES5bn Equity Bank loan as it struggles to pay workers and meet other financial obligations

Botswana

•  DCI +21bps, $466k

Egypt

•  EGX30 -35bps, $26mill

Mauritius

•  Semdex -27bps, $1.48mill

South Africa

•  Top40 -6bps, $950mill

Zambia

•  LuSE -9bps, $10k

Zimbabwe

•  Ind -6bps, Mining +67bps, $2.2mill
 

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
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