Energy
Russia, CIS, Europe & Turkey Credit Markets Brief: 05 October- 19 October
Western sanctions against Russia could stay in place for the next 10 years – Russia Railways issued a RUB15bn bond – Belarus could face further rate cuts – Kazakhstan’s Central Bank to sell USD1bn in assets – Hungary tapped the markets with 10-year notes – Diplomatic tensions take a toll on Turkey’s assets – Tupras sold USD700mn of fresh debt
19 Oct 2017
Africa Credit Markets Brief: 04 October – 18 October
AfDB approved a USD200mn funding facility for private sector projects –Foreign investors bought ZAR18bn of SA bonds – Zuma could face new corruption charges – Fidelity Bank tapped the international markets – IMF concerned about Nigeria’s debt – Ethiopia devalued its currency – CBK placed a 5-year bond – Mauritius to hit the local currency markets
18 Oct 2017
Latin America Credit Markets Brief: 28 September-12 October
UK aims to bolster trade relationships with South America – Mexico issued a USD1.8bn bond – Grupo Bimbo tapped the local markets with 10-year notes – IFC to invest USD200 in a plant in Brazil – Brazil sold USD3bn of fresh debt – Argentina to grow 3% in 2017 – Venezuela’s inflation to hit 2,300% in 2018 – Chile’s Colbun issued a 10-year bond – Venezuela’s securities hit a three-year high – El…
12 Oct 2017
Middle East Credit Markets Brief: 27 September – 11 October
Syndicated lending in EMEA down 9% to USD610bn in 2017 – Abu Dhabi’s USD10bn bond 3x oversubscribed – UAE’s Ajman Bank secures USD200mn syndicated Islamic loan – UAE banks looking to ditch Qatari assets over GCC rift – Saudi Aramco on course to complete IPO in 2018 – Saudi Arabia issues USD12.5bn international bond – Qatar mulling USD9-11bn bond sale
11 Oct 2017
CEFC Takes Stake in Rosneft as Russia and China Edge Closer
The final piece of the Rosneft-privatization puzzle appeared to fall into place, as initial investors Glencore and QIA agreed to sell the majority of their stake, purchased in December last year, to a little-known Chinese oil company. Yet the wider implications of the deal for the oil market and Sino-Russian ties are still unclear.
10 Oct 2017
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 Sept 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 Sept 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 Sept 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 Sept 2017