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Africa Credit Markets Brief: 20 September – 04 October

African Development Bank tapped the international markets – South Africa issued dollar bonds worth USD2.5bn – NPLs rise in Nigeria – Nigeria raises NGN105.87 through maiden sovereign sukuk - Kenya Airways is looking to restructure debt – Ghana holds rates – Zimbabwe gets a USD600mn credit line from Afreximbank

4 Oct 2017

Middle East Credit Markets Brief: 13 September – 27 September

GCC bonds soften on FOMC tone – Saudi Arabia pushes forward with local sukuk sales – Emaar secures syndi loan – UAE Central Bank soaks up additional liquidity – Nebras prices landmark deal – QIC pulls out of UAE amid diplomatic rift – Egypt plans more Eurobonds – Bahrain prices triple-trancher – Iran makes headway on gov’t spending transparency – Lebanon passes crucial tax reforms – OOECP, Mazoon…

27 Sep 2017

Brazil: The Urge to Spend

When the money runs out it’s never good, but there is a positive side. It guides the economic agenda to find better allocation and greater efficiency in public spending. In Brazil, we spend very poorly, both from the standpoint of economic efficiency as well as social justice.

26 Sep 2017

San Antonio Internacional CFO on The Long Road to the Capital Markets

San Antonio Internacional, an oil and gas company, just finalised its initial public offering scheme with the Comision Nacional de Valores (CNV) – paving the way for its debut in the debt markets. Bonds & Loans speaks with its CFO, Pablo Miedziak on what the company is doing to prepare for its first foray into the bond markets, and its funding objectives for the next year.

25 Sep 2017

Russia, CIS, Europe & Turkey Credit Markets Brief: 7 September – 21 September

A fortnightly review of Russia's debt capital markets, covering the latest loan, sukuk and bond deals, rating actions, policy and credit market developments... B&N becomes another Russian bank to be nationalised – Sistema appeals against court decision in Rosneft lawsuit – Russia to resolve tax dispute with Exxon over Sakhalin-1 – Ukraine issues first Eurobond since Crimea annexation – Turkey’s…

21 Sep 2017

Argentina’s Government is Electrifying the Power Sector, but Risks Remain

When Mauricio Macri took office, one month’s electricity bill was cheaper than a coffee for the medium-income inhabitant of the city of Buenos Aires. Porteños (the citizens of Buenos Aires) were accustomed to having their air conditioning turned on for the entire day while at the same time opening the windows of their apartments to rebalance the temperature. Meanwhile, electricity users in this…

11 Sep 2017

Middle East Credit Markets Brief: 17 August – 31 August

Saudi Arabia auctions local sukuk – Qatar growth to slow down – Warba Bank to make its debut in the loan market – Egypt sells EUR659.9mn worth of T-bills – Qatar keeping tabs on partners spooked by boycott - Iran gets credit line from South Korea’s Exim Bank – SMC secures a USD728mn credit facility – Iraq to get a loan from France

31 Aug 2017

Latin America Credit Markets Brief: 17 August – 30 August

Britain plans to double trade with Panama and Colombia – El Puerto de Liverpool tapped the local markets with a MXN10bn dual tranche bond – BNDES to transfer funds back to the government – Vale redeems 2019 notes – Argentina to tap the international markets again – Argentina holds rates – Crystallex to seize PDVSA assets –– Chile’s outlook gets downgraded – Jamaica to tap its 2028 and 2045 notes

30 Aug 2017

Africa Credit Markets Brief: 9 August – 23 August

NDB to lend US$1.5bn to South Africa – Standard Bank of South Africa to issue its first international bond in a decade – Lagos state issued a NGN85.1bn dual-tranche bond – Kenya to float T-bills – Eximbank USA gives Cameroon a CFA26bn loan –Ghana to cut spending in 2017 – Angola gets downgraded – Gabon places a US$200mn Eurobond – Moody’s slashed Tunisia’s credit rating

23 Aug 2017

Middle East Credit Markets Brief: 3 August – 17 August

Middle Eastern air carriers’ passenger growth disappoint – Goldman Sachs bough a piece of Aramco’s credit facility – Saudi Arabia mulls local sukuk – TAQA to refinance US$500mn bond - Doha Bank to sell UAE credit assets – Egypt’s FDI hit US$48.7bn – Bahrain picks banks for US bond – Iraq bond issuance received US$6.6bn in orders – Jordan might tap the international markets in 2017

17 Aug 2017

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