Projects & Infrastructure
Global Ports floats Eurobond
Russian corporate Global Ports has issued its debut Eurobond amid large demand, due in part to the rarity of debt issuances from the country. Although there are opportunities for non-sanctioned corporates to tap the international markets, their credit fundamentals play an important role in determining whether they are able to issue or not.
15 Apr 2016
Video: D.C. Moore, Chief Investment Officer, CIG
What projects are in the pipeline in Africa?
15 Apr 2016
Real estate to drive GCC issuances ahead of World Cup, Expo 2020 Dubai
Qatari real estate heavyweight Ezdan Holding Group announced plans to raise up to US$2bn in Islamic bonds. The move could be a sign of more issuances from real estate firms to come, according to fixed income analysts.
12 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 mulling Panda bonds as funding gap widens
Nigeria looks likely to tap a broad range of funding sources including the Chinese offshore bond market in a bid to stem the impact of declining oil and commodity-related revenues and finance key infrastructure initiatives.
11 Apr 2016
Uncovering Egypt’s covered bonds
The introduction of covered bonds in Egypt will likely boost foreign participation in an economy that has seen heavy underinvestment in recent years.
8 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
Kenya to test appetite with possible Eurobond
One of the better performing sovereigns in Africa could tap the Eurobond markets. Although the shape of Kenya’s economy looks promising for investors, possible corruption and an election next year could mean that any Eurobond’s yield would have to be significantly higher than that seen on the last issuance.
5 Apr 2016
China Exim Bank makes its mark in Africa
African economies have struggled from low commodity prices and weakening demand due to their close links with China. However, the continent’s largest trading partner is investing considerable funds in the region to prop up infrastructure projects, which are crucial for the development of the region’s economies.
4 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