China could increasingly utilise foreign currencies in its domestic market in an attempt to make trading more profitable for Chinese companies. It could also issue bonds in a variety of the IMF’s reserve currencies to increase the exposure of the yuan to foreign markets.
1 Apr 2016
Moody’s decision to lower Mexico’s credit outlook is linked to the performance of the state oil company. Any support given to Pemex by the sovereign could impact its current fiscal targets, which could contribute to a downgrade. However, as one of the best performers in emerging markets, it is unlikely that a downgrade would strongly affect foreign appetite for Mexican debt.
1 Apr 2016
India is looking to increase the participation of foreign players in its debt markets. The country is unlikely to struggle to find interest as it is one of the better performing emerging markets, and also has a much more stable political climate that will reassure investors.
31 Mar 2016
The South Korean government, through its Economic Development Cooperation Fund (EDCF), has agreed to provide an increasing number of syndicated loans to African countries. It will mainly work through the African Development Bank (AfDB).
31 Mar 2016
As part of a wider financing plan the Indonesian government has issued a US$2.5bn dollar denominated sukuk, the popularity of which is evidenced through its oversubscription and the global diversification of its investor base.
25 Mar 2016
China is looking to bring in a tax to combat currency speculation.The move comes after numerous attempts by the government and its state banks to support the yuan.
24 Mar 2016
Despite a volatile second half of 2015 and beginning 2016 on a rather precarious note, little seems to stand in China’s way as it seeks to position the yuan as a global reserve currency and supplant the US to become the global benchmark for fixed income.
22 Mar 2016
The world’s largest sukuk market has seen another issuance of Sharia compliant debt on the international capital markets. Despite Axiata’s recent dollar denominated sukuk, the majority of Islamic financing in Malaysia is conducted in the domestic market.
17 Mar 2016
Alibaba has signed a loan to provide the company with capital that will help fuel the company’s future expansion. The loan, although already set, could increase in size if there is strong investor appetite. The loan comes amidst increasing interaction between Chinese corporates and western capital markets.
14 Mar 2016
The Asian Development Bank has tapped the international capital markets as part of a wider plan to raise large amounts of foreign capital this year. Despite a difficult economic climate, the bank was able to attract investment from a wide global base for its operations in Asia.
11 Mar 2016