An FI bond’s record price tightening, a new issuer from the CIS, a USD-denominated perp from a major Russian lender and three Turkish issues have blown the CEEMEA bond markets wide open.
5 Feb 2020
Global and domestic tensions that could threaten policy continuity, asset quality deterioration, and shifting emerging market investor sentiment remain to remain the dominant risks for emerging market banks in 2020, says S&P Global. Turkey remains particularly vulnerable.
27 Jan 2020
After the volatility and crises that shook Turkey’s markets last year, the country’s economy has been on the road to recovery throughout 2019. While low global rates are pushing investors to hunt for yields in the Turkish market among others, many are also facing growing pressure to incorporate environmental, social or governance (ESG) considerations into their portfolios – which means those…
17 Jan 2020
Large firms often fear getting outshone by their smaller and more nimble rivals, but Sabanci Holding – one of Turkey’s largest industrial and financial conglomerates – has recently emerged from a period of deleveraging to go on the offensive, making a series of strategic acquisitions and capitalising on emerging market opportunities that place technology at the centre of its growth strategy over…
19 Dec 2019
Following a tumultuous 2018, Turkey’s economy is now back on the road to recovery as the pathway to reform becomes clearer and global markets stabilise. Bonds & Loans speaks with Yiğit Arslancık, Assistant General Manager and Head of Wholesale Banking at HSBC Turkey about improving market sentiment, the growth in sustainable finance, and investor engagement.
6 Dec 2019
SOCAR, Azerbaijan’s state oil and gas company, currently bears the mantle of the largest foreign direct investor in Turkey. The opening of SOCAR’s USD6.3bn STAR Refinery in October 2018 marked one of many major projects in the country. Bonds & Loans spoke with Elchin Ibadov, Finance and IT Deputy General Manager, about SOCAR’s bid to create a centralised treasury function, fostering operational…
24 Oct 2019
Known for a wide range of high-profile investments into companies like automotive heavyweight McLaren Group and metals giant Aluminium Bahrain (Alba), Mumtalakat – Bahrain’s sovereign wealth fund – is doubling down on its search for investment opportunities that have a lasting positive impact on the real economy. Several months after it issued a debut sukuk and ahead of its 15-year anniversary,…
4 Sep 2019
This year has seen yet another spate of debut sovereign issuances from across emerging markets (EM). Meanwhile, softening growth in China has tempered the GDP outlook across emerging markets. Bonds & Loans speaks with Kaan Nazli, Senior Economist and emerging markets sovereign debt Portfolio Manager at Neuberger Berman, about the EM outlook through 2019.
27 Aug 2019
With GDP growth set to deteriorate and political volatility ever-present, the banking sector still remains exposed to weakening asset quality and currency fluctuations. However, key metrics indicate that, short of a period of severe and prolonged market stress, the banking sector will be able to ride out the next storm.
16 Aug 2019