Yes Bank Ltd, India’s fourth-largest privately-owned lender, had its board superseded by the Reserve Bank of India this week, an extraordinary move that sent the company’s stocks and bonds crashing and a further sign of the country’s continued difficulty resolving poor bank balance sheets. If the RBI gets the resolution right, however, it could catalyse a swift reversal in sentiment that has long cast a pall over the market.
The COVID-19 pandemic has convulsed the global economy, unevenly weighing on some of the world’s largest emerging markets – not the least of which countries with a heavy dependence on oil revenues. For CFOs and Treasurers based in the GCC region, the pandemic was a crude awakening which quickly led to a liquidity squeeze that is only just starting to ease as a ‘new normal’ begins to set in. Bonds…
Jul 3, 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
The Hashemite Kingdom of Jordan raised USD1.75bn through the sale of five and 10-year notes in international markets this week.
Jul 1, 2020
The volume of green bonds issued from China domestically and offshore rose 33% year on year to USD55.8bn in 2019, with the issuer base diversifying to see a greater share of non-financial corporates taking the plunge into the asset class.
Jul 1, 2020