African Export-Import Bank Pulls IPO as London Listings Sink

  • Cairo-based lender says it will watch markets for improvement
  • JPMorgan, HSBC, Exotix appointed as advisers for GDR issuance

Port of Durban

Photographer: Waldo Swiegers/Bloomberg
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African Export-Import Bank postponed its London initial public offering as volatile markets and uncertainty around Brexit added to a downturn in listings in the U.K. capital.