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Policy & Government

Kenya to Raise KES50bn in Domestic Markets in May

Kenya’s central bank said it plans to raise KES50bn (approx. USD471mn) in five-year paper in May this year.

6 May 2020

IMF Approves USD10.8bn Two-Year Flexible Credit Line with Colombia

The International Monetary Fund (IMF) has approved a new USD10.8bn flexible two-year credit line with Colombia, which the country can tap into in order to address downside risks presented by the coronavirus pandemic.

4 May 2020

Peru Plans to Raise Additional USD4bn from Bond Markets to Fight Coronavirus Pandemic

Peru is in the process of planning at least one more outing in the debt capital markets to raise fresh funding in order to finance measures aimed at containing the economic fallout from the coronavirus pandemic.

4 May 2020

Fall in SAMA Assets Exceeds Expectations - HSBC

Saudi central bank reserve assets fell by around USD24bn in March, according official data. Accounting for non-reserve holdings, net foreign assets fell by just under USD27bn throughout the month.

4 May 2020

As Latin America Enters Crisis Mode, Ritch Mueller Expects More Market Stratification, Refinancing Opportunities

While crises tend to create new opportunities for the legal community, the current pandemic-induced downturn is creating unique challenges – economic, professional and logistical – for companies and law firms alike. But when the dust settles, some restructurings and M&A deals are likely to come through, and law firms will need to stay alert to their clients' needs to make the most of it, says…

1 May 2020

With Fiscal Gaps Widening, Analysts See Romania Risking its Coveted Investment-Grade Status

As budget gaps widen to historical highs, Romania, one of Eastern Europe’s most frequent bond issuers, is at risk of losing its coveted investment-grade status, potentially hampering the country’s ability to satiate its growing need for funding.

1 May 2020

Costa Rica, Dominican Republic Given Emergency Lifeline by the IMF

The IMF has accelerated coronavirus-related disbursements of emergency funding to Latin America, with both Costa Rica and the Dominican Republic securing crucial financial assistance from the Fund.

30 Apr 2020

Coronavirus Prompts UK Market Watchdog to Extend LIBOR Replacement Deadline

The UK Financial Conduct Authority (FCA) has extended the deadline for ending the use of the London Interbank Offered Rate (LIBOR) for new loans until the end of March next year in a bid to give borrowers and banks more breathing room as the market migrates to the Sterling Overnight Index Average (SONIA).

30 Apr 2020

COVID-19 Poses Severe Threat to South Africa’s Banking Sector - Fitch

The pandemic poses ‘significant downside risks’ to South African banks, according to Fitch Ratings, as asset quality and earnings face downward pressure.

30 Apr 2020

India Gets USD1.5bn From ADB to Finance COVID-19 Response as Domestic Borrowing Picks Up

The government of India has secured a USD1.5bn loan from the Asian Development Bank (ADB) to help fund its response to the COVID-19 pandemic, which has weighed heavily on the country’s growth prospects.

29 Apr 2020

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