Energy
Bahri docks additional SAR700mn loan
Saudi Arabia’s Bahri has recently and in quick succession tapped the domestic loan markets, including an Islamic loan. Although the loan markets have been affected by tightening liquidity, there are still ample funds within the Middle East to allow for continued loan operations.
6 May 2016
Eskom set to receive loan
South Africa’s Eskom will receive a loan from the New Development Bank. The transaction highlights the vital role that Development Finance Institutions play in African infrastructure projects, but also raises questions over why a corporate connected to the state would need to access external funding.
25 Apr 2016
Video: Stephen Charangwa, PM, Africa Fixed Income, Aluwani Capital Partners
How is oil and commodity volatility affecting African fixed income?
15 Apr 2016
Could the GCC steal the EM mantle from Frontier Markets?
What underpinned the boom in frontier market issuance in emerging markets in 2013 -2014 and, given the retreat from risk, will GCC region issuers have the credit quality to take over the EM mantle from frontier markets when risk appetite returns?
13 Apr 2016
BBH: Reasoned optimism for debt in post-election Peru
Analysts at BBH, a New York-based investment house, see many reasons to be optimistic about Peru’s economy following the first round of elections which took place in the Latin American country this week.
13 Apr 2016
Japan to triple lending for Latin American infrastructure projects
The Japanese government is looking to boost the amount it lends to Latin American infrastructure projects in a recently announced agreement with the Inter-American Development Bank (IDB).
11 Apr 2016
Nigeria’s debt mountain grows
Nigeria is looking to raise significant capital from its domestic markets as part of a wider financing plan. Despite the high levels of debt, it is unlikely the sovereign will be over-leveraged, and the depth of the country’s local debt markets mean there will likely be demand for the issuances.
6 Apr 2016
CASE STUDY: Bringing Wind Projects To Morocco
As the first renewable energy project to be developed under a new renewable energy law (13-09) in Morocco, the Khalladi Wind IPP was a landmark deal that is helping ACWA Power solidify its position in the region’s energy sector and help the country hit its ambitious renewable energy goals.
3 Apr 2016
Mexico’s outlook lowered by Moody’s
Moody’s decision to lower Mexico’s credit outlook is linked to the performance of the state oil company. Any support given to Pemex by the sovereign could impact its current fiscal targets, which could contribute to a downgrade. However, as one of the best performers in emerging markets, it is unlikely that a downgrade would strongly affect foreign appetite for Mexican debt.
1 Apr 2016
CASE STUDY: Nacional Financiera Makes Green Strides
Mexican state-owned development bank Nacional Financiera S.N.C (Nafin) overcame some tough conditions in emerging markets to successfully price and issue the country’s first certified US$500mn Green Bond, paving the way for future issuances in the country.
1 Apr 2016