Ecobank Capital, the investment banking arm of Ecobank Group, leading pan-African bank, says it has successfully raised, on behalf of Orion Oil Limited, the sum of $500m to be utilised for the prepayment of crude oil cargos to be supplied by Société Nationale des Pétroles du Congo (The National Oil […]
Business News
Gabon raises $1.5 billion through new Eurobond and partial buyback
Gabon raised $1.5 billion through a new 10-year Eurobond and a partial buyback of its existing 2017 issue on Thursday that will enable it to reduce borrowing costs and fund an ambitious public investment programme. The bond was issued with a yield of 6.375 percent and the order book exceeded […]
Hilton increases IPO size to $2.4 billion
Hilton Worldwide is increasing the size of its public offering, with plans to raise as much as $2.4 billion when it goes public, the company announced Monday. That figure is nearly double Hilton’s original plans to raise up to $1.25 billion. Shares of the McLean based hotel company are expected […]
