China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The money network:

The money network:

Why crowdfunding threatens traditional bank lending

February 2012

Deals of the Year 2011: Republic of Namibia debut Eurobond


Republic of Namibia debut Eurobond
Size $500 million
Date October 27 2011
Lead managers Barclays Capital, Absa Capital and Standard Bank
Coupon 5.5%
Tenor 10 years
return to the Middle East & Africa Deals of the Year index

Meanwhile, in Africa, the main story was not just about new funding sources, but also the arrival of new issuers, as investors turned optimistic about the continent’s success. First-time benchmark-sized Eurobonds by African sovereigns became a stamp of approval for these countries’ economic prospects, and will encourage further capital flows.

In January 2011, Nigeria was the first African sovereign to issue a benchmark debut issue with a 10-year $500 million deal....

More information on deals of the year


The rest of this article is available to subscribers only

Please Subscribe below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today