Projects & Infrastructure
Middle East Credit Markets Brief: 3 August – 17 August
Middle Eastern air carriers’ passenger growth disappoint – Goldman Sachs bough a piece of Aramco’s credit facility – Saudi Arabia mulls local sukuk – TAQA to refinance US$500mn bond - Doha Bank to sell UAE credit assets – Egypt’s FDI hit US$48.7bn – Bahrain picks banks for US bond – Iraq bond issuance received US$6.6bn in orders – Jordan might tap the international markets in 2017
17 Aug 2017
Benefits, Standards, and Price Harmonisation in the Sustainable Finance Market
MUFG has a wealth of expertise in energy and natural resource infrastructure finance, which lends itself quite nicely to understanding how to measure risk in areas ripe for green bonds and similar instruments, and the bank is of course very active in bringing borrowers into the green bond market. We speak with Geraint Thomas, Executive Director at MUFG and leader of the bank’s green capital…
11 Aug 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 29 July – 10 August
CBR keeps rates steady, readies sale of OBR bonds – Nickel production in Russia to remain flat this year – Naftogaz increases compensation demand from Russia by US$5bn – Engie may pull out of Nordstream 2 – Albaraka Turk readies US$400mn issuance – Bank lending in Turkey to rise in 2018
10 Aug 2017
Economic Woes hit Project Finance in Turkey
Project finance in Turkey continues to decline as geopolitical fears, high financing costs and low energy prices put a dent in demand and further strain the local lenders assets.
10 Aug 2017
Africa Credit Markets Brief: 27 July- 9 August
South African economy likely to return to growth – Nigerian government secures a loan from AfDB – Nigeria’s green bond suspended once again – Democratic Republic of Congo’s inflation to hit 44.64% – Kenya’s Treasury bonds outperforming the corporate debt – Rosneft seeks to open offices in Mozambique – Ghana sold a 5-year bond – Republic of Congo is heading for a default – Zimbabwe to double its…
9 Aug 2017
Middle East Credit Markets Brief: 21 July - 3 Aug
Qatar files complaint to WTO over GCC boycott – Dana Gas cancels its offer to exchange outstanding US$700mn sukuk – Iraq taps international markets with US$1bn bond - Dubai Aerospace Enterprise (DAE) prices a US$2.3bn triple-tranche bond - ADCB raised US$320mn through 5-year Formosa bond - Al Hilal Bank issues US$100mn bond
3 Aug 2017
Latin America Credit Markets Brief: 20 July – 2 August
Mexico’s economy continued to grow in Q2 – Brazil to freeze spending– Petrobras boss arrested on corruption charges – IMF upgrades Argentina’s growth forecast – YPF tapped the international markets with a US$750mn bond – Banco de Bogota issued unsecured notes worth US$600mn – Graña y Montero signed a syndicated loan – US imposed sanctions on Maduro – Banco General issued a 10-year bond –…
2 Aug 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 13 July – 28 July
Gazprom tapped the international markets – Alfa Bank issued a RUB10bn Eurobond – AFK Sistema declared technical default on bonds –– Halyk Bank acquires Kazkommertsbank – IBA plans to restructured approved by shareholders – Greece returned to the capital markets – Halbank to issue a US$2bn bond in the international markets
28 Jul 2017
Africa Credit Markets Brief: 13 July – 27 July
Sub-Saharan African investment banking fees reached US$244.7mn during the half of 2017 – South Africa to issue a US$2bn Eurobond – South Africa’s central bank cuts rates – Nigeria’s inflation fell to a 13- month low – Kenya’s National Treasury extended the sale of securities through M-Akiba platform – Mozambique defaulted on Eurobond payment – Ghana will not extend IMF programme –Republic of…
27 Jul 2017
Latin America Credit Markets Brief: July 5 - July 19
CAF approves US$592mn credit facility to Latam nations - Grupo México to get US$1.55bn loan from BBVA and Credit Suisse - A major new oil field discovered in Mexico – Ex-Brazil leader Lula convicted - Brazil's Senate approves labour reform bill - The province of Buenos Aires taps European markets with EUR500mn bond – PDVSA seeks to renegotiate debt
19 Jul 2017