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| Afren senior secured bond | |
| Size | $450 million |
| Date | January 27 2011 |
| Lead managers | BNP Paribas, Deutsche Bank and Goldman Sachs |
| Coupon | 11.5% |
| Tenor | Five years |
| return to the Middle East & Africa Deals of the Year index | |
Corporates from sub-Saharan Africa will find it easier to access the bond market now that sovereign benchmarks are in place that give an alternative to the equity markets. Indeed, this year saw perhaps the first non-South African sub-Saharan African corporate to borrow in the international capital markets.
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