CEE & Turkey
Russia, CIS, Europe & Turkey Credit Markets Brief: 05 October- 19 October
Western sanctions against Russia could stay in place for the next 10 years – Russia Railways issued a RUB15bn bond – Belarus could face further rate cuts – Kazakhstan’s Central Bank to sell USD1bn in assets – Hungary tapped the markets with 10-year notes – Diplomatic tensions take a toll on Turkey’s assets – Tupras sold USD700mn of fresh debt
19 Oct 2017
CASE STUDY: After a Year of Preparation, ACWA Power Comes Through with Blockbuster Debut Bond
Saudi Arabia-based ACWA Power placed a USD814mn bond with a 22-year maturity in the international markets in May, an impressive debut following a year of planning and structuring. The transaction allowed the company to diversify its investor base and extend its maturity profile.
16 Oct 2017
Off the Record: Middle East DCM Must Evolve to Prosper in Challenging Times
As the annual Bonds, Loans & Sukuk Middle East Awards approaches, we discuss some of the themes emerging behind the scenes in Middle East debt capital markets, looking at concerns voiced by bankers, investors and CFOs in private discussions as well as the opportunities on the horizon for foreign FIs and investors looking to delve deeper into the region.
6 Oct 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 21 September- 5 October
B&N and Otkrite to merge – Sberbank to withdraw from some European countries – Sibur issued a USD500mn bond – Armenia holds rates – Slovenia places a EUR700mn bond – Turkey to issue gold-backed instruments – Yields on Spain’s bonds spike after referendum
5 Oct 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 7 September – 21 September
A fortnightly review of Russia's debt capital markets, covering the latest loan, sukuk and bond deals, rating actions, policy and credit market developments... B&N becomes another Russian bank to be nationalised – Sistema appeals against court decision in Rosneft lawsuit – Russia to resolve tax dispute with Exxon over Sakhalin-1 – Ukraine issues first Eurobond since Crimea annexation – Turkey’s…
21 Sept 2017
Exploring the Next Frontier in the GCC Capital Markets: Saudi Arabia
Saudi Arabia’s emergence in the international capital markets, first through the sovereign’s US$17.5bn conventional bond followed months later by its US$9bn sukuk, has the potential to herald one of the biggest shifts the region’s markets have seen in years.
21 Sept 2017
Dar Al-Arkan Looks to Fill Shortage of Saudi Real Estate Firms in Dubai
The Saudi real estate development company Dar Al-Arkan tapped the Islamic markets with a USD500mn 5-year Sukuk in May this year, in the process drawing the attention of yield-hungry investors seeking hard-currency exposure in GCC fixed income. With new regulations expected to transform the sector and as KSA’s fiscal consolidation plan takes shape, we speak with Dar Al-Arkan CFO Mika Toivola about…
18 Sept 2017
Emerging Market Credit Daily Roundup: 7 September, 2017
UNEC to raise AED1bn – Bahrain to issue a sukuk – Nigeria pre-launched its sukuk sale – Afreximbank to boost capital for lending – CABEI gets upgraded – ADB tapped the international markets – Russia to resolve dispute with Exxon Mobile
7 Sept 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 24 August - 07 September
Sistema runs a technical default – Otkritie bank to be bailout – Tajikistan is preparing benchmark offering – Moldova lowers its interest rate – Bank of Georgia sings a USD75mn trade finance club deal – Halk Bankasi to issue up to TRY12bn – Ukraine to issue Eurobond
7 Sept 2017
Why Green Sukuk Could be a Growth Driver for Islamic Finance
Created to fund projects with positive environmental benefits, green bonds have become rapidly popular in Europe and Asia while gaining traction in the United States.
4 Sept 2017