Projects & Infrastructure
Russia, CIS, Europe & Turkey Credit Markets Brief: 02 November – 16 November
Petropavlovsk sold USD500mn of fresh debt –– PSB gets downgraded – Rosneft’s shares take a hit due to Venezuelan crisis – Venezuela and Russia agree on debt restructuring –ABLV placed USD40mn of unsubordinated notes – Belarus to issue USD600mn next year – The government to support Turkey’s export sector
16 Nov 2017
Africa Credit Markets Brief: 01 November – 15 November
AfDB issued a USD2bn bond –Afreximbank to mobilise USD100bn to finance new trade deals – First Rand Bank secures dual-tranche syndicated loan – Nigeria to seek USD5.5bn in foreign borrowing – Namibia to boost public spending – DRC fails to account funds from Chinese loan – Chad and Glencore to talk debt restructuring – Army detains Zimbabwe’s President Robert Mugabe
15 Nov 2017
Latin America Credit Markets Brief: 26 October – 9 November
CAF tapped the international markets – Argentina raised interest rates by 100bp – Banorte and Interacciones to merge – Colombia pre-paid a bond – Brazil cuts rates – Banco Hipotecario issued a ARS6.3bn bond – Colombia’s stable outlook affirmed – Televisa’s head to step down – Venezuela to restructure USD60bn worth of debt
9 Nov 2017
Middle East Credit Markets Brief: 25 October – 08 November
Saudi bonds fall as officials arrested amid anti-graft crackdown – Saudi PFI to contribute USD20-40bn to Blackstone-run fund – Egypt secures USD653mn financing for 13 solar projects – APICORP to issue USD500mn sukuk – ADNOC eager to pen USD6bn loan from syndicate of 13 banks – Bank Sohar issues a OMR100mn perp – Bahrain reportedly calls for GCC to freeze Qatar membership
8 Nov 2017
Private Participation in Water, Wastewater Projects: Applying the GCC Experience Across META
The saying ‘water is the new oil’ has never been more accurate than it is today. The Middle East, Turkey and Africa (META) contains some of the world’s most water-scarce regions. Population growth and urbanisation have led to a rising demand for water and growing levels of wastewater. Increasing water production and ensuring efficient, effective wastewater treatment are essential to the continued…
7 Nov 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 19 October- 02 November
Rosselkhozbank to issue perpetual bonds – Petropavlovsk preparing its bond market debut –Croatia to hold a repo auction – Moldova cuts interest rates – Eurotorg issues Belarus’ first corporate bond – Greece to tap the international markets again – BOE hikes rates for first time since August 2016 – Relations between Turkey and the EU continue to deteriorate
2 Nov 2017
Africa Credit Markets Brief: 18 October – 01 November
BADEA to support economic development in the continent – SA budget deficit rose 4.3% – AfDB suspended a loan to Nigeria – Kenya to reopen 5-year notes – Ghana issued USD1.3bn of fresh debt – Tanzania struck a deal with Barrick Gold for USD300mn – Inflation in Zambia dropped – Zimbabwe hopes to cut budget deficit to 4%
1 Nov 2017
In Cotton and Textiles, Nigeria’s Import Restrictions Create Opportunities for Mid-Sized Players
The domestic cotton and textiles sectors used to be a huge contributor to Nigeria’s GDP, but massive growth in the oil sector coupled with declining government support has marginalised the industry. Sumit Jain, CFO of West African Cotton Company (WACOT), talks to Bonds & Loans about how the company is working with the government to boost domestic production of cotton and foodstuffs, and how…
1 Nov 2017
Latin America Credit Markets Brief: 12 October – 26 October
Nafin to return to the yen market – CFE issued a triple-tranche bond in the local market –Petrobras gets upgraded – Gerdau sold USD650mn in fresh debt – Argentina raises rates – Consumer prices to fall in Peru – The IMF might bail out Venezuela – PDVSA´s assets continue to rally – Guatemala gets downgraded – Bancolombia issued a ten-year bond
26 Oct 2017
Middle East Credit Markets Brief: 11 October – 25 October
GCC nations issued USD50.1bn of debt in 2017 – Flynas to start operating flights to Iran – KSA sold a SAR10bn in local sukuk – Abu Dhabi Commercial Bank issued a USD315mn kangaroo bond – QNB to refinance a USD3bn loan – Noga issued a USD1bn bond – Warba Bank syndicating a USD250mn loan – Jordan sold USD1bn of fresh debt – OETC considering a USD-denominated sukuk
25 Oct 2017