Call us on
+44 (0) 207 045 0920
Total spread widening for the EMBI Global Index has reached a remarkable 286bp, according to ING, more than the 241bp monthly change seen at the peak of the 2008 crisis. Fiscal injections will be required across the board, but continued access to the debt capital markets will be instrumental for countries to pursue fiscal easing to soften the blow from the economic slowdown.
Vale Overseas, a special purpose vehicle set up and owned by Brazilian mining giant Vale, raised USD1.5bn in the international capital markets this week.
Jul 8, 2020
The Republic of Ecuador has reached a preliminary deal with the its largest creditors, paving the way for the country to restructure nearly USD17.4bn in sovereign bonds.
Jul 7, 2020
The coronavirus pandemic has weighed heavily on the fiscal performance and debt levels globally, with many emerging and frontier markets unlikely to recover until 2022 at the earliest according to Moody’s.
Jul 7, 2020
Growth in Sub-Saharan Africa (SSA) is set to contract by twice the amount previous forecast in April, according to the latest IMF estimates, with per-capita income across the continent falling to levels not seen in nearly a decade.
Jul 2, 2020