Energy
An External Perspective on Investing in Mexico
As one of the strongest countries in Latin America, Mexico is an attractive investment destination. The country’s geographic and economic proximity to the US brings benefits as well as concern. Jack Deino, Head of EM Corporate Credit, BlackRock discusses potentially lucrative investment opportunities as well as the risks investors will face going forward.
5 Sept 2016
CFO View: Drilling Down into PDO’s Funding Strategy with Haifa Al Khaifi
Haifa Al Khaifi serves as Finance Director of Petroleum Development Oman, LLC. She joined the company in 1995, and currently manages the company’s capital and operational funding strategy. Haifa also serves as a Board Member and Treasurer for the Oman Society for Petroleum Services, and an Advisory Board Director for the Academic Innovation Assistance Program (AIAP) at Sultan Qaboos University.
30 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
Commodities a top influencer on EM performance
Emerging markets are clearly susceptible to factors like a US Federal Reserve interest rate hike and Brexit, but they are most vulnerable to fluctuating commodity prices. Although exports have seen their currencies strengthen and bond yields fall on rising commodity prices, interestingly, EM commodity importers have not yet felt the negative effects of higher prices.
28 Jun 2016
Gazprom Neft Looks at Various Options to Raise Debt
Olga Kirichenko heads Gazprom Neft’s debt team and is responsible for managing the group’s entire debt portfolio, currently amounting to almost $11bn. Her team also provides support to, and supervises the debt portfolio management of joint ventures. The scope of Olga’s responsibilities covers the full range of corporate debt- financing instruments with maturities exceeding one year, including all…
24 Jun 2016
Burning money: petrocurrencies unlikely to gain
The slow rise in the price of oil has had an effect on petrocurrencies across both developed and emerging markets, but not to a significant extent. The losses these currencies incurred resulting from the collapse in oil prices has offset any gain they are likely to see in the near future, although unpegged currencies will ultimately perform better than their pegged counterparts.
15 Jun 2016
CASE STUDY: A Green Step Forward for Turkish FIs
As the first green bond to be issued by a Turkish FI, Turkiye Sinai Kalkinma Bankasi’s (TSKB) US$300mn 5-year notes saw tremendous demand from accounts Europe and Asia, helping to set the benchmark for other Turkish issuers looking to raise capital for sustainable projects.
3 Jun 2016
Debt complacency unlikely to affect GCC reform progression
Low oil prices have prompted many Middle Eastern sovereigns to introduce reforms aimed at diversifying their economies away from oil revenues. Many such countries have, or are also planning to tap the international debt markets. With oil prices stabilising and liquidity still strong, will true structural reforms inevitably fall by the wayside?
2 Jun 2016