A fortnightly review of the Middle East's debt capital markets, covering the latest loan and bond deals, rating actions, policy and credit market developments... OPEC mulling 3-month extension to oil production cuts – Italian bank CDP to lend USD300mn to the Meydan Group – Iraq inks a USD270mn loan from Japan – Iran looks to join BRICS – Saudi German Hospital receives AED370mn Islamic syndicated loan – AIIB to provide up to USD210mn funding for renewable energy in Egypt – Abu Dhabi’s Al Hilal Bank issues a 2-year USD100mn sukuk – UAE expects to raise revenue of about 1.6% of GDP following VAT implementation
Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.
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