While most investors and the Bank of Russia expected to focus much of their attention for the remainder of 2017 on an impressive rebound in the country’s economic prospects, a series of challenges at some of Russia’s lenders – small, medium and large – have forced the world’s gaze onto the cracks emerging underneath its financial system.
29 Sept 2017
GCC bonds soften on FOMC tone – Saudi Arabia pushes forward with local sukuk sales – Emaar secures syndi loan – UAE Central Bank soaks up additional liquidity – Nebras prices landmark deal – QIC pulls out of UAE amid diplomatic rift – Egypt plans more Eurobonds – Bahrain prices triple-trancher – Iran makes headway on gov’t spending transparency – Lebanon passes crucial tax reforms – OOECP, Mazoon…
27 Sept 2017
The Supreme Court decision to invalidate the results of Kenya's 8 August election has been hailed as an impressive victory for democracy in Africa. But as the candidates gear up for a new poll, risks of potential public discontent and even a constitutional crisis pose difficult questions for regulators and the markets alike.
22 Sept 2017
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
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
A fortnightly review of Africa's debt capital markets, covering the latest loan, sukuk and bond deals, rating actions, policy and credit market developments. Nigeria’s Ecobank secures a 5-year USD250mn syndicated loan - South Africa picks Barlcays, Deutsche Bank, HSBC and Nedbank to arrange new Eurobond – South Africa’s Land Bank raises ZAR1bn in bond auction - Kenya plans to sell up to KES30bn…
20 Sept 2017
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
Heads of state of the BRICS countries descended upon Xiamen, China earlier this month to discuss how to propel the bloc’s trade and commercial links forward. But with most of the organisation’s leading members knee-deep in political or economic mud, analysts are left wondering whether they have been overshadowed by the rest of the emerging market pack.
15 Sept 2017
A fortnightly review of the Middle East's debt capital markets, covering the latest loan and bond deals, rating actions, policy and credit market developments... OPEC mulling 3-month extension to oil production cuts – Italian bank CDP to lend USD300mn to the Meydan Group – Iraq inks a USD270mn loan from Japan – Iran looks to join BRICS – Saudi German Hospital receives AED370mn Islamic syndicated…
13 Sept 2017
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