Deals
Egypt Gets USD2.77bn from IMF as Coronavirus Bites
The International Monetary Fund (IMF) has approved a USD2.77bn loan for Egypt to help finance a rapid rise in healthcare spending linked to containing the spread of coronavirus.
12 May 2020
Grupo Energia Bogota (GEB) Plans Fresh Bond Issue
Bogota’s government-owned energy distributor Grupo Energia Bogota (GEB) is planning to raise as much as USD400mn in the international capital markets.
11 May 2020
Sustainable Bond Issuance Falls, But Social Bonds on the Rise – Moody’s
Total volumes of sustainable bond issuance are set to fall as the COVID-19 pandemic creates a rocky environment for borrowers, according to Matthew Kuchtyak, AVP-Analyst at Moody’s. Sustainable bond issuance is likely to total USD325bn this year, a downward revision of USD75bn from the USD400bn forecast previously.
11 May 2020
Kenya, Uganda Score IMF Funding in Boost for COVID-19 Response
The International Monetary Fund (IMF) approved rapid disbursements of emergency funding for Kenya and Uganda this week to help the East African nations finance measures to address the COVID-19 pandemic.
7 May 2020
CASE STUDY: Panama Braves Tough Conditions to Open Pandemic-Hit LAC Bond Markets
The Central American sovereign made a risky move as pandemic-hit markets sealed shut over February and much of March – but upsizing the deal amid scarcity of high-quality credits in the bond market appears to have paid off.
7 May 2020
Bahrain Hits the Road for Dual-Tranche Sukuk in Crucial Test for Speculative-Grade Issuers
Bahrain has hired banks to help it raise fresh funding in what could be a crucial test for junk-rated sovereigns.
7 May 2020
District of Bogata to Issue COP600mn in Bonds
Bogata’s District Ministry of Finance yesterday announced plans to issue COP600bn (approx. USD152mn) pesos in local bonds to counter the effects of the COVID-19 pandemic. The bonds are AAA rated and the transaction is being arranged by Itau.
7 May 2020
Chile Caps Off Busy Few Weeks for Latin American Sovereigns with Dual-Tranche Bond Outing
Chile hit the markets this week with a dual-tranche, dual-currency bond to raise just over USD2bn, capping a busy month for Latin American sovereign issuers.
6 May 2020
Kenya to Raise KES50bn in Domestic Markets in May
Kenya’s central bank said it plans to raise KES50bn (approx. USD471mn) in five-year paper in May this year.
6 May 2020
IMF Approves USD10.8bn Two-Year Flexible Credit Line with Colombia
The International Monetary Fund (IMF) has approved a new USD10.8bn flexible two-year credit line with Colombia, which the country can tap into in order to address downside risks presented by the coronavirus pandemic.
4 May 2020