Energy
VIDEO: Marcos Meireles, CEO, Rio Energy
Marcos talks about whether the project developers in the renewable energy sector are looking to raise capital for ventures in Brazil.
2 Jun 2016
Saudi Arabia’s DMO to help develop a yield curve for other issuers
Plans for the creation of a debt management office (DMO) in Saudi Arabia demonstrate how it has begun turning to alternative forms of financing amid low oil prices. The DMO would likely assist in the sovereign’s planned bond sale, which could help create a yield curve for local corporates to follow.
31 May 2016
African debt issuance dries up – for now
The scarcity of corporate bond issuances across Sub Saharan Africa follows a lack of sovereign issuance, with South Africa being the only country in the region to issue on the international markets this year. It appears that many corporates are reassessing their capital expenditure plans and funding needs, while states planning debt sales may wait until after a US interest rate rise.
19 May 2016
Rouble, Peso differ on oil despite commodity rally
The performance of the Mexican peso has differed from that of Russia’s rouble, despite both being tied to oil prices. External factors not applicable to Russia have weighed on Mexico’s currency, but despite the weaker peso, the country still has strong underlying fundamentals.
18 May 2016
Petrobras taps investors’ pockets as new window emerges
Petrobras has returned to the international capital markets for the first time in a year, paying its highest yields ever as the company looks to attract investors to refinance some of its existing mountain of debt. The country’s new government also seems to have stirred renewed interest from the investment community, which could lead to further corporate issuances in Brazil.
18 May 2016
Financing Africa’s Infrastructure Pipeline
Most African economies look set to have a tough year ahead but one thing seems to remain consistent, whether in North, East, West or Central and Sub Saharan Africa: the thirst for infrastructure investment. According to the World Bank, Africa’s infrastructure deficit is estimated at US$38bn of investment per year and a further US$37bn per year in operations and maintenance. The total required…
16 May 2016
Oil revenue drought prompts Middle Eastern borrowers to flood market
The large increase in international debt issuances from the Middle East is the result of pressured finances and tightening domestic liquidity. Despite the number of issuances, it is unlikely that smaller borrowers will be crowded out of the markets.
12 May 2016
China eyes up more than Petrobras oil
News of the hastened signing of a planned loan from the Import-Export Bank of China to Petrobras highlights the state owned corporate’s inability to access the international capital markets, and the fact that China is looking to strengthen its presence across the emerging market landscape.
11 May 2016
Video: Henrik Raber, Standard Chartered
Henrik Raber, Managing Director, Global Head Capital Markets, Standard Chartered discusses how low oil prices have affected the performance of Middle Eastern capital markets compared to other emerging markets.
10 May 2016
Oil: Black Gold or Fool’s Gold?
From oil traders in Dubai, to taxi drivers in New York, figuring out where the oil market bottoms out seems to be the focus of all my conversations. Although the topic has been covered extensively by industry analysts and media outlets, very few have been able to put the pieces of the puzzle together for investors. The truth is, tumbling oil prices, are a demand and supply side story.
9 May 2016