In Your Interest
The NBS has released its December inflation report to show Headline rate: 34.80% y/y (34.60% in November) Core rate: 29.28% y/y (28.75%) Food rate: % y/y (39.93%) January 15, 2025/Coronation Report Inflationary pressures persisted in December for the fourth consecutive […]
January 15, 2025/Cordros Report According to the recently released data by the National Bureau of Statistics (NBS), headline inflation rose for the fourth consecutive month, rising by 20bps to 34.80% y/y in December (November: 34.60% y/y), settling below our estimate of 34.91% y/y. Breaking it further down, core prices (+53bps […]
Priced at a coupon of 7.50% with no fixed maturity, AFC’s maiden perpetual bond attracted robust demand, peaking at US$1.1 billion in orders, and closed with 1.5 times oversubscription January 15, 2025/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has successfully priced a US$500 million perpetual hybrid […]