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  • Reuters4 months ago

    African Bank offers to buy back $500 mln of bonds

    Bailed-out South African lender African Bank has launched an offer to buy back up to $500 million worth of foreign currency-denominated bonds in a bid to cut its interest bill, it said on Friday. African Bank, which was rescued and recapitalised by the central bank after its parent African Bank Investments Limited collapsed in 2014, said the tender offer would be open until July 13. "The rationale of the tender offer is to reduce the bank's interest expense and thus improve earnings," the group's head of treasury Gavin Jones said in a statement.

  • Moody'slast year

    Habib Bank Ltd. -- Moody's changes Pakistan's banking system outlook to stable

    Limassol, November 11, 2015-- Moody's Investors Service has today changed the outlook for the Pakistan banking system to stable from negative, reflecting the improvement in the country's economic growth ...

  • Moody'slast year

    Habib Bank Ltd. -- Moody's upgrades five Pakistani banks to B3; outlook revised to stable

    Actions follow the upgrade of the government bond rating to B3. Limassol, June 17, 2015-- Moody's Investors Service has today upgraded the local-currency deposit ratings of five Pakistani banks to B3/Not-Prime ...