{"id":10211,"date":"2012-04-24T04:29:21","date_gmt":"2012-04-24T02:29:21","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/zambia-short-lists-11-banks-for-eurobond-role\/"},"modified":"2012-04-24T04:29:21","modified_gmt":"2012-04-24T02:29:21","slug":"zambia-short-lists-11-banks-for-eurobond-role","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/zambia-short-lists-11-banks-for-eurobond-role\/","title":{"rendered":"Zambia short-lists 11 banks for Eurobond role"},"content":{"rendered":"

\t\t<\/span><\/p>\n

By Tosin Sulaiman<\/span><\/p>\n

<\/span><\/p>\n

LONDON, April 23<\/span> (Reuters) – Zambia has issued requests for
\nproposals to 11 international banks seeking to act as book
\nrunners for its debut $500 million Eurobond, a government agency
\nofficial said on Monday.<\/p>\n

<\/span><\/p>\n

Goldman Sachs, BNP Paribas, Standard
\nChartered and Deutsche Bank were among the
\nbanks short-listed from an initial 16 that submitted expressions
\nof interest, an official at the Zambia Public Procurement
\nAuthority, who asked not to be named, told Reuters.<\/p>\n

<\/span><\/p>\n

There has been strong appetite for African debt and the last
\nsuch issue from the region – a debut $500 million, 10-year
\nEurobond from Namibia launched in October – was heavily
\noversubscribed with an initial coupon of 5.5 percent. It is now
\nyielding 4.95 percent.<\/p>\n

<\/span><\/p>\n

The limited supply from African sovereigns has ensured that
\ndebut issues are eagerly anticipated, with Nigeria’s $500
\nmillion 10-year Eurobond last year attracting heavy demand.<\/p>\n

<\/span><\/p>\n

The tender closes on April 27 and it would take a minimum of
\nthree weeks to evaluate the bids, the official said. So far,
\neight banks had confirmed their participation.<\/p>\n

<\/span><\/p>\n

“Last week, we had eight confirmations from the short-listed
\nbidders that they will take part in the tender,” he said.<\/p>\n

<\/span><\/p>\n

The agency has also issued requests for proposals to two law
\nfirms, Clifford Chance and White Case, seeking a role as legal
\nadvisers, he added.<\/p>\n

<\/span><\/p>\n

The government of Africa’s number one copper producer
\nannounced plans to issue a Eurobond in November when it unveiled
\nits first budget after an upset election victory two months
\nearlier.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Tosin Sulaiman LONDON, April 23 (Reuters) – Zambia has issued requests for proposals to 11 international banks seeking to act as book runners for its debut $500 million Eurobond, a government agency official said on Monday. Goldman Sachs, BNP Paribas, Standard Chartered and Deutsche Bank were among the banks short-listed from an initial 16 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10211","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10211"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10211\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}