Deals
Indian corporates looking abroad for funding
A burdened banking sector has meant that Indian corporates have had to look elsewhere for funding. Investor demand for higher yielding instruments has led to a lot of activity from the Indian corporate space on the international markets over the last week, a trend which is likely to continue as long as the global economy remains stable.
2 Aug 2016
Greening the Capital Markets
With climate change now firmly on the agenda of most global economies the opportunities emerging around green investment are increasing exponentially.
1 Aug 2016
CASE STUDY: Mass Energy Group boosts power supply to Iraq with IPP
Against a backdrop of a deteriorating security environment and growing energy demands, Mass Energy Group Holding secured a US$375mn project finance facility to upgrade a gas fired power plant in the Sulaimaniya Governorate in the Kurdistan Region of Iraq.
21 Jul 2016
CASE STUDY: ACWA closes largest IPP refinancing deal in MENA
ACWA Power successfully refinanced existing facilities related to its 1204 MW Rabigh1 power plant with a US$1.828bn triple-tranche conventional and Islamic funding package in what is being pegged as the largest IPP refinancing deal in MENA to date, a huge achievement for the company and its shareholders.
21 Jul 2016
CASE STUDY: América Móvil upsizes benchmark sized Euro bonds
América Móvil launched a benchmark-sized Eurobonds during a window that saw improving market sentiment, which allowed the telecoms incumbent to tighten pricing and attract strong demand from real money accounts.
19 Jul 2016
PKO readies Euro-denominated covered bond sale
The mortgage unit of Poland’s largest lender is preparing to sell €500mn in covered bonds, according to a recent interview with PKO Bank Hipoteczny CEO Rafal Kozlowsk. Analysts suggests the move could be a sign of more covered bond deals to come out of some EMs.
14 Jul 2016
CASE STUDY: Cemex gets timing just right on EUR bond deal
Mexican cement and construction materials giant Cemex saw strong oversubscription on its €400mn senior secured 2024 notes, smashing through its initial price thoughts and the company’s secondary yield curve.
13 Jul 2016
Adopting to the new world reality
Prudence is the name of the game, which means trying to build safer portfolios that trade less, reduce duration risk and limit access to poor liquidity instruments and create additional diversification.
12 Jul 2016
Eskom lands ZAR20bn loan from AfDB, international lenders
Eskom has secured three loan facilities with the African Development Bank (AfDB) worth ZAR20bn (US$1.4bn) in a bid to boost spending on infrastructure maintenance and skills development. The deal comes months after it secured a smaller facility from the New Development Bank.
8 Jul 2016
EM vs. US Corporate Bonds: Role Reversal?
EM high yield (HY) corporate bonds have outperformed US HY corporate bonds this year and default rates are significantly lower, particularly now, but also over the cycle.
7 Jul 2016