EM net non-resident inflows reach USD14.5bn in September – Trump vows to “wipe” Puerto Rico’s debt – Brazil issues USD10bn bond – Putin says Russia committed to Iran nuclear deal – ADB a USD200mn funding to private sector projects in Africa – Mexico’s Grupo Bimbo issues MXN10bn 10-year local bond - Russia's MegaFon first to settle bond payments in blockchain – Russia’s nationalized B&N bank to write off USD226.56mn in subordinated debt
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As Turkey braces for the economic impact of the COVID-19 crisis, the banking sector looks likely to be called to play a larger role in facilitating the government’s stimulus plans. But despite a recent spike in NPLs and foreign exchange pressures, the risks to the country’s banks appear manageable, according to a recent report by Oleksiy Soroka, Senior High Yield Credit Strategist at ING.
May 22, 2020
International investors have fled Brazil’s capital markets to the tune of USD22.2bn in March, according to data from Itau, the largest monthly outflow on record.
Apr 28, 2020
But some of the momentum will be lost over the coming weeks as the impact of the global slowdown in trade and economic activity resonates through Latin America, Itau analysis indicates.
Mar 17, 2020
Atlas Renewable Energy sold a USD253mn private placement in US markets this week to refinance debt linked to two solar PV power plants in Chile, the largest US solar green private placement out of Latin America to date.
Mar 4, 2020