Policy & Government
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
Developing the NPL Secondary Market in Latin America
Though Latin American lenders have developed sophisticated risk management practices, which have allowed them to successfully manage economic headwinds, they still trail behind lenders in more developed markets when it comes to efficiently offloading NPLs off their books and developing the secondary NPL market.
26 Sept 2017
Markets Tense Up as Justice Rules Kenyan Election Void
The Supreme Court decision to invalidate the results of Kenya's 8 August election has been hailed as an impressive victory for democracy in Africa. But as the candidates gear up for a new poll, risks of potential public discontent and even a constitutional crisis pose difficult questions for regulators and the markets alike.
22 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
Exploring the Next Frontier in the GCC Capital Markets: Saudi Arabia
Saudi Arabia’s emergence in the international capital markets, first through the sovereign’s US$17.5bn conventional bond followed months later by its US$9bn sukuk, has the potential to herald one of the biggest shifts the region’s markets have seen in years.
21 Sept 2017
Africa Credit Markets Brief: 6 September – 20 September
A fortnightly review of Africa's debt capital markets, covering the latest loan, sukuk and bond deals, rating actions, policy and credit market developments. Nigeria’s Ecobank secures a 5-year USD250mn syndicated loan - South Africa picks Barlcays, Deutsche Bank, HSBC and Nedbank to arrange new Eurobond – South Africa’s Land Bank raises ZAR1bn in bond auction - Kenya plans to sell up to KES30bn…
20 Sept 2017
Have BRICS Been Overshadowed by the Rest of the EM Pack?
Heads of state of the BRICS countries descended upon Xiamen, China earlier this month to discuss how to propel the bloc’s trade and commercial links forward. But with most of the organisation’s leading members knee-deep in political or economic mud, analysts are left wondering whether they have been overshadowed by the rest of the emerging market pack.
15 Sept 2017
Latin America Credit Markets Brief: 31 August – 14 September
A fortnightly review of Latin America's debt capital markets, covering the latest loan and bond deals, rating actions, policy and credit market developments... NAFTA negotiations refocus on labour costs – Uncertainty around Mexico’s CAT bonds following quake – Mexico gets growth forecast lift – Brazil introduces secured lending, covered bond reforms – Argentina to boost borrowing from…
14 Sept 2017
Middle East Credit Markets Brief: August 31 - September 13
A fortnightly review of the Middle East's debt capital markets, covering the latest loan and bond deals, rating actions, policy and credit market developments... OPEC mulling 3-month extension to oil production cuts – Italian bank CDP to lend USD300mn to the Meydan Group – Iraq inks a USD270mn loan from Japan – Iran looks to join BRICS – Saudi German Hospital receives AED370mn Islamic syndicated…
13 Sept 2017
Argentina’s Government is Electrifying the Power Sector, but Risks Remain
When Mauricio Macri took office, one month’s electricity bill was cheaper than a coffee for the medium-income inhabitant of the city of Buenos Aires. Porteños (the citizens of Buenos Aires) were accustomed to having their air conditioning turned on for the entire day while at the same time opening the windows of their apartments to rebalance the temperature. Meanwhile, electricity users in this…
11 Sept 2017