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CEE & Turkey

MEGA in MENA: Large-Scale Infrastructure Pipeline Deepens and Broadens as PPP Rules Gather Pace

The GCC is rarely known for doing anything in half-measures, and infrastructure projects – which have grown in number and size in recent years – are no exception.

4 Dec 2018

HSBC Turkey on External Corporate Funding, Asian Capital Links, and Return to Normalcy

Against a fairly challenging market backdrop, borrowers in Turkey have pushed through with a number of landmark transactions in 2018 as they look to prioritize risk and liability management. With an economic recovery on the horizon, we speak Eda Tanyel, Head of Structured Finance at HSBC in Turkey about the credit market outlook for the remainder of the year and beginning of 2019, how corporates…

30 Nov 2018

Mohammed Khnifer: Short-Term Loans Not the Answer to Long-Term Funding Needs

Mohammed Khnifer, Senior Associate, Debt Capital Markets at the Islamic Corporation for the Development of the Private Sector (ICD), spoke to Bonds & Loans about Saudi Arabia’s real estate sector, the upcoming inclusion of Saudi debt in the JP Morgan indices, and the development of regulation within the country.

28 Nov 2018

Rimrock Capital: “Concrete, realistic and credible policy needed to improve Turkey’s credit”

Turkey’s credit fundamentals are deteriorating, squeezed by high exposure of the corporates to USD debt and rising NPLs. Strong and transparent policy measures – including supporting local banks if necessary – are needed to breath life into the economy, Novruz Bashirov, Portfolio Manager at Rimrock Capital, told Bonds & Loans.

26 Nov 2018

GCC Credit Allure Strong Against Broader EM Challenges, But Fundamental Shifts Can’t be Ignored

The outlook for GCC credit remains buoyant through the remainder of the year despite a brief lull through the summer months. Still, deeper and more frequent questions about the structural challenges faced by many of the GCC economies suggest more uncertainty lies ahead in the longer term, according to bankers, borrowers, investors and economists who spoke with Bonds & Loans on a recent research…

23 Nov 2018

Quick Take: Burcu Geris, Vice President and CFO, TAV Airports on the Markets, Treasury Objectives

Bonds & Loans speaks with Burcu Geris, Vice President and CFO, TAV Airports Holding about the company’s funding objectives and how markets are influencing the company’s approach to fundraising.

22 Nov 2018

Bonds, Loans & Sukuk Middle East Awards: The 2018 Winners

This year’s Bonds, Loans & Sukuk Middle East Awards saw no shortage of firsts as the regions borrowers and finance professionals pushed the boundaries of the possible through new structures and techniques in a range of transactions.

16 Nov 2018

Beyond 2030: Diversification, Corporate Transformation and Funding in the UAE

The United Arab Emirates among other GCC nations has set its sights on the cultivation of a well-diversified, mature economy built on strong, sustainable, globally-integrated businesses. For many borrowers looking to get in front of the trend, the shift will entail a radical transformation in corporate culture and approach to funding.

13 Nov 2018

CASE STUDY: Turkcell Secures Hat-Trick of Currencies in CDB Loan Refinancing

Turkcell, a leading Turkish phone operator, and the China Development Bank (CDB) signed a multi-jurisdictional loan restructuring facility featuring a rare RMB-denominated tranche in a multi-currency 10-year deal.

6 Nov 2018

Saudi Debt Surge Cuts Through Broader EM Woes – But for How Long?

The last few months have seen a spate of bond issuances from within Saudi Arabia, marking an upsurge in the frequency of borrowing in the country since the 2014 oil price crash. Yet on the whole sovereign issuance appears to be falling, as ambitious economic reforms begin to address the country’s economic imbalances.

30 Oct 2018

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