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Latest articles in Benin

African sovereigns to take advantage of strong demand for social bonds

The FX markets have seen a strong rotation to the traditional safe haven currencies over the past 24 hours as the market focuses squarely on the risks associated with the rising Delta COVID-19 variant cases across the globe. Note that Kenya’s public ...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 20 July 2021

Paris Club cancels $14.1bn of Sudan's debts, remittance inflows supporting KES

Last week’s data card featured evidence of a continued recovery in the US labour market and relatively strong retail sector performance. Data from the Central Bank of Kenya (CBK) showed that remittance inflows in Kenya remained strong in June, coming...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 19 July 2021

External liquidity scorecard, Africa free trade agreement, Kenya debt relief

Read the full report here. Read the full report here. Benin (B2/B+/B) returned to the market this week with a EUR1bn dual tranche issue and tender offer. A new 11-year EUR700mn bond was priced to yield 5.125%. This compared to initial guidance of mid...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 14 January 2021
External liquidity scorecard, Africa free trade agreement, Kenya debt relief
External liquidity scorecard, Africa free trade agreement, Kenya debt relief

Top picks for 2021, Turkey upgrade, Benin returns to bond market and more

Read the full report published on 18 December here. Read our recent report here. Read the full report here. However, on Monday it reversed the move. Read the full report here. Read the full report here. Read the full report here. Read the full report...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 7 January 2021
Top picks for 2021, Turkey upgrade, Benin returns to bond market and more
Top picks for 2021, Turkey upgrade, Benin returns to bond market and more

Benin returns to the bond market — initial pricing thoughts

Benin (B2/B+/B) announced plans to return to the market yesterday, with a new EUR benchmark 11-year final maturity (10-year WAL). The EUR500mn bond amortises in three equal annual payments commencing in 2024. The Republic will also explore the possib...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 6 January 2021
Benin returns to the bond market —  initial pricing thoughts
Benin returns to the bond market —  initial pricing thoughts
Flash Report / Benin

Benin: IMF reaches staff level agreement on fifth review of ECF, upgrade to Buy

IMF staff announced last night they had reached staff level agreement (SLA) on the fifth review of the Extended Credit Facility (ECF) for Benin. No timing was given for the date of the Board discussion (we expect December/January). In particular, we ...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 7 November 2019