Call us on
+44 (0) 207 045 0920

Deals

Ecuador, Chile Join Growing List of Regional Issuers out of Latin America

The issuance pipeline in Latin America has really opened up this month with Ecuador and Chile joining a list of sovereigns tapping the international bond markets, including Colombia, Paraguay, and Mexico.

23 Jan 2020

Americas Bips & Pieces Deals

CASE STUDY: IHS Towers Closes Largest Ever African Corporate Debt Deal

The USD1.8bn holistic financing included a local currency bond, Eurobond and loan, making it the largest corporate debt deal on the African continent.

23 Jan 2020

CIS Banks Roar Back to Market with Record Low Yields

FI bond’s 40bp tightening from IPTs, a new issuer from the CIS and a USD-denominated perp from a major lender have blown the Russian and CIS bond markets wide open.

23 Jan 2020

Saudi Arabia Prices Triple-Trancher, Leaving a Few Bips on the Table

The Kingdom of Saudi Arabia hit the market for the first time in 2020 to place USD5bn in bonds across three tranches, including a 35-year tranche – the country’s longest to date.

22 Jan 2020

Ferroport Debt Refinanced with Alternative Payment Schedules and “Funky” Use of Collateral

Ferroport’s USD350 million project bond issuance and Brazilian debenture bridge financing included very innovative uses of flexible payment profiles and cash escrow accounts. It was also rare 144z/RegS single-offtaker deal, carried out in a jurisdiction that is typically quite challenging for project financings.

22 Jan 2020

CDC Group Inks USD400mn in New Deals As UK-Africa Investment Summit Kicks Off

UK-based development finance institution CDC Group has announced a raft of new deals with Africa-based counterparts totally USD400mn, mostly to support small and medium-sized businesses across the continent.

21 Jan 2020

Surprise IsBank USD750mn Issue Opens Up Turkish Bond Markets in 2019

It was the first subordinated bond by a Turkish FI this year.

21 Jan 2020

Niger State Looks to Borrow up to NGN25bn to Capital Markets

Niger State Governor Alhaji Abubakar Bello has written to the House of Assembly to request legislative approval to issue up to NGN25bn (approx. USD69mn) in sukuk.

21 Jan 2020

Green Funding tops USD255mn for 2019 – but Beyond China, EMs Still a Small Slice of the Pie

Certified green funding volumes – including both bonds and loans – came in at USD254.9bn for 2019, according to new research from the Climate Bonds Initiative, a 50% rise on 2018 volumes. But outside China, emerging markets still see fairly low issuance of green or sustainability-linked instruments.

20 Jan 2020

Issuers Shrug Off Geopolitical Risk as Investors Pile into GCC Bonds, Sukuk

A slew of GCC borrowers have moved to sell bonds and sukuk to global investors a further sign that regional borrowers and capital holders remain unperturbed by any perceived escalation in geopolitical risk.

17 Jan 2020

Engie Energia Heats Up Chile Bond Markets with USD400mn Bond

It is the latest in a series of bond deals out of the Andean region, as investors seem unfaced by the social protests engulfing one of Latin America’s most successful economies.

16 Jan 2020

Moscow Credit Bank Eyes Stopover in Middle East for Latest Eurobond

Announcement of a Middle Eastern leg of the bond roadshow signals Russian issuers’ commitment to diversify their investor bases.

16 Jan 2020

PhosAgro Picks Seven Bookrunners on Russia’s First Corporate Debt Deal of 2020

The fertilizer giant is roadshowing for a USD-denominated LPN that will go towards refinancing USD150mn Eurobond maturing next year.

14 Jan 2020

CASE STUDY: Angola Raises USD3bn Eurobond on Encouraging Reform Story

While concerns about sustainability of current debt levels remain, a positive story and juicy yields draw in over USD8bn worth of orders for the sovereign issuance.

8 Jan 2020

Want EM credit market insights delivered straight to your inbox?

Subscribe