CEEMEA
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
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
Africa Credit Markets Brief: 04 October – 18 October
AfDB approved a USD200mn funding facility for private sector projects –Foreign investors bought ZAR18bn of SA bonds – Zuma could face new corruption charges – Fidelity Bank tapped the international markets – IMF concerned about Nigeria’s debt – Ethiopia devalued its currency – CBK placed a 5-year bond – Mauritius to hit the local currency markets
18 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
Middle East Credit Markets Brief: 27 September – 11 October
Syndicated lending in EMEA down 9% to USD610bn in 2017 – Abu Dhabi’s USD10bn bond 3x oversubscribed – UAE’s Ajman Bank secures USD200mn syndicated Islamic loan – UAE banks looking to ditch Qatari assets over GCC rift – Saudi Aramco on course to complete IPO in 2018 – Saudi Arabia issues USD12.5bn international bond – Qatar mulling USD9-11bn bond sale
11 Oct 2017
CEFC Takes Stake in Rosneft as Russia and China Edge Closer
The final piece of the Rosneft-privatization puzzle appeared to fall into place, as initial investors Glencore and QIA agreed to sell the majority of their stake, purchased in December last year, to a little-known Chinese oil company. Yet the wider implications of the deal for the oil market and Sino-Russian ties are still unclear.
10 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
Africa Credit Markets Brief: 20 September – 04 October
African Development Bank tapped the international markets – South Africa issued dollar bonds worth USD2.5bn – NPLs rise in Nigeria – Nigeria raises NGN105.87 through maiden sovereign sukuk - Kenya Airways is looking to restructure debt – Ghana holds rates – Zimbabwe gets a USD600mn credit line from Afreximbank
4 Oct 2017
As Ghana Dances with IMF, Questions Around Regaining Investor Trust Resurface
Ghana’s woes have been featured a lot in the press over the last years. One could summarise it as a country which, having found oil, was soon confronted with the demons that might come with such sudden access to wealth. The government’s overspending, and increasing borrowing on the back of future oil revenues, pushed the country towards the edge of insolvency when the commodity cycle turned.…
2 Oct 2017