CEE & Turkey
Middle East Credit Markets Brief: 09 November – 22 November
Kingdom Holdings halts borrowing plans – Citigroup will begin operations in KSA in early 2018 – London Court rules in favour of Dana’s bondholders – ADNOC secures USD6bn dual-tranche loan – Mazoon Electric Company issues a USD500mn sukuk – Lebanon carries out a debt swap – CIB to increase Tier 2 capital
22 Nov 2017
Telecoms Boom to Drive MENA Infrastructure Development Programmes
As GCC states embark on their massive USD3tn infrastructure development journey, the arrival of Amazon, Oracle and other global tech giants could push the telecoms sector into the frontline of that programme. But finding the funding for this costly venture at a time when oil prices are still low and coffers are thinning could prove challenging for the region.
20 Nov 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 02 November – 16 November
Petropavlovsk sold USD500mn of fresh debt –– PSB gets downgraded – Rosneft’s shares take a hit due to Venezuelan crisis – Venezuela and Russia agree on debt restructuring –ABLV placed USD40mn of unsubordinated notes – Belarus to issue USD600mn next year – The government to support Turkey’s export sector
16 Nov 2017
Private Participation in Water, Wastewater Projects: Applying the GCC Experience Across META
The saying ‘water is the new oil’ has never been more accurate than it is today. The Middle East, Turkey and Africa (META) contains some of the world’s most water-scarce regions. Population growth and urbanisation have led to a rising demand for water and growing levels of wastewater. Increasing water production and ensuring efficient, effective wastewater treatment are essential to the continued…
7 Nov 2017
BBH: Frontier Sovereign Rating Model for Q4 2017
BBH has produced the following ratings model to assess relative sovereign risk in Frontier Markets. A country’s score directly reflects its creditworthiness and underlying ability to service its external debt obligations.
3 Nov 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 19 October- 02 November
Rosselkhozbank to issue perpetual bonds – Petropavlovsk preparing its bond market debut –Croatia to hold a repo auction – Moldova cuts interest rates – Eurotorg issues Belarus’ first corporate bond – Greece to tap the international markets again – BOE hikes rates for first time since August 2016 – Relations between Turkey and the EU continue to deteriorate
2 Nov 2017
CASE STUDY: Tabreed’s Innovative Islamic Loan Paves the Way for Future Sukuk Deal
Abu Dhabi-based National Central Cooling Company PJSC, better known as Tabreed, secured its first club loan through an AED1.5bn 10-year sharia-compliant facility, enabling the company to extended its debt maturity profile and appeal to new pockets of global and regional investors.
27 Oct 2017
BBH: EM Sovereign Rating Model for Q4 2017
We have produced the following Emerging Markets (EM) ratings model to assess relative sovereign risk. An EM country’s score directly reflects its creditworthiness and underlying ability to service its external debt obligations. Each score is determined by a weighted compilation of fifteen economic and political indicators, which include external debt/GDP, short-term debt/reserves, import cover,…
25 Oct 2017
As MENA’s Economic Prospects Strengthen, Will Uncertainty Around PPPs Fade?
Following years of oil price-driven fiscal deficits, the latest data suggests growth in the MENA region is due to pick up in 2018 and 2019 – but will those renewed growth prospects lead governments to reconsider moving forward with a raft of critical projects that many were forced to delay? Analysts are optimistic, but whether those projects are financed through PPPs or more traditional…
24 Oct 2017
Halkbank Deputy CEO Hakan Eryilmaz on The Lending Outlook in Turkey
Bonds&Loans speaks with Hakan Eryilmaz, Deputy CEO of Türkiye Halk Bankası A.Ş. (Halkbank), about Turkey’s ambitious growth targets, the lending environment, and making the country’s capital markets more accessible to corporate borrowers.
20 Oct 2017