Currencies
Nigeria’s FX policy won’t harm foreign bonds
Nigeria’s Eurobond roadshow in London has demonstrated that there would be appetite for a sovereign bond, despite lingering concerns over the country’s FX policy among investor and unwillingness on the Nigerian side to fully devalue the naira. Although local debt may fluctuate, there is unlikely to be any significant effect on the country’s foreign bonds.
10 Jun 2016
VIDEO: Carlos Adati, CFO, Seara Agronegocios
Carlos speaks about, what Seara Agronegocios's growth strategy is over the coming financial year as well as the financing options available to Brazilian corporates connected to the commodity sector.
1 Jun 2016
Nigeria easing up currency controls could prompt net outflows
The possibility of a partial free float of the naira would benefit the Nigerian economy. The country’s FX reserves would see a reprieve, and low dollar-denominated oil revenues would be bolstered by a reset in naira rates.
26 May 2016
On The Horizon in EMs
Deals, rating actions, currency movements, policy changes, and the occasional bit of hearsay. Here is your daily snapshot of what’s happening, and what’s on the horizon, in emerging markets.
25 May 2016
Turkey’s politics the least of its problems
International markets have reacted positively to recent Turkish political activity, and although there are concerns over further interest rate hikes by the Central Bank, the main concern is in Turkey’s long term economic outlook. Amongst other things, investment has been dwindling.
25 May 2016
Jordan’s Central Bank issues debut sukuk
The Jordanian Central Bank’s issued its debut sukuk this week. The high demand for the Islamic bond demonstrates the interest in Sharia compliant forms of financing, and will likely lead to further issuances from other Jordanian entities according to analysts.
24 May 2016
On The Horizon in EMs
Deals, rating actions, currency movements, policy changes, and the occasional bit of hearsay. Here is your daily snapshot of what’s happening, and what’s on the horizon, in emerging markets.
23 May 2016
Will Mexico tow the US Fed’s line?
The Mexican Central Bank, Banco de Mexico, has already surprised markets with an interest rate hike this year. With a weakening peso and looming US Federal Reserve Policy meeting in June, followed by a Banco de Mexico policy meeting shortly afterwards, there is a possibility that Mexico could again raise interest rates.
20 May 2016
Argentina bond restrictions to limit ‘hot money’
It wasn’t so long ago that Argentina was struggling to access international investors, but after a huge surge in demand following the sovereign’s landmark issuance the country’s central bank has moved to limit foreign investors’ access to short term central bank notes in a bid to combat hot money and currency destabilisation.
19 May 2016
Rouble, Peso differ on oil despite commodity rally
The performance of the Mexican peso has differed from that of Russia’s rouble, despite both being tied to oil prices. External factors not applicable to Russia have weighed on Mexico’s currency, but despite the weaker peso, the country still has strong underlying fundamentals.
18 May 2016