CEEMEA
Africa Credit Markets Brief: August 23 - September 6
South Africa sells ZAR2.65bn (USD200mn) in bonds – South Africa government mulling airlines merger – Standard Bank of SA gets USD1bn syndicated loan – Kenya’s Supreme Court declares election result invalid – Nigeria downsizes NGN56.05bn local Treasury note on low demand – Foreign investment in Nigeria’s oil and gas up to USD291.47mn – IMF approves USD918mn aid package to Ghana
6 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
Middle East Credit Markets Brief: 17 August – 31 August
Saudi Arabia auctions local sukuk – Qatar growth to slow down – Warba Bank to make its debut in the loan market – Egypt sells EUR659.9mn worth of T-bills – Qatar keeping tabs on partners spooked by boycott - Iran gets credit line from South Korea’s Exim Bank – SMC secures a USD728mn credit facility – Iraq to get a loan from France
31 Aug 2017
Emerging Market Regulators Make Strides Building Green Bond Momentum
Growing support for market-driven policies aimed at facilitating green issuance has created important wins for the sustainable finance segment, especially in emerging market countries like China, India, and Mexico. But with the bulk of those policies, at their core, fixated on determining what qualifies as ‘green’, key questions about industry standards – and the best approach to applying them –…
25 Aug 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 10 August – 24 August
Rosneft cuts Venezuela’s credit– Eurochem is arranging a US$325mn pre-export facility – Sistema to pay US$2.3bn to Rosneft– Azerbaijan gets downgraded – Akbank signed a dual-tranche syndicated loan – Turkey sells US$971mn worth of T-bills
24 Aug 2017
Africa Credit Markets Brief: 9 August – 23 August
NDB to lend US$1.5bn to South Africa – Standard Bank of South Africa to issue its first international bond in a decade – Lagos state issued a NGN85.1bn dual-tranche bond – Kenya to float T-bills – Eximbank USA gives Cameroon a CFA26bn loan –Ghana to cut spending in 2017 – Angola gets downgraded – Gabon places a US$200mn Eurobond – Moody’s slashed Tunisia’s credit rating
23 Aug 2017
Off the Record: Hunting for Value in Africa with Bond Fund Managers
We speak with a number of leading Africa-focused fixed income fund managers to get a better sense of the opportunities and risks present in the continent’s emerging and frontier economies.
18 Aug 2017
Middle East Credit Markets Brief: 3 August – 17 August
Middle Eastern air carriers’ passenger growth disappoint – Goldman Sachs bough a piece of Aramco’s credit facility – Saudi Arabia mulls local sukuk – TAQA to refinance US$500mn bond - Doha Bank to sell UAE credit assets – Egypt’s FDI hit US$48.7bn – Bahrain picks banks for US bond – Iraq bond issuance received US$6.6bn in orders – Jordan might tap the international markets in 2017
17 Aug 2017
Banking Sector Jitters Put a Squeeze on Interbank Lending in Russia
As the Russian economy slowly stabilizes, ongoing banking sector consolidation has led to an increasing number of lenders losing their licences, putting pressure on the systemically important banks and threatening to halt the recovery.
14 Aug 2017
Russia, CIS, Europe & Turkey Credit Markets Brief: 29 July – 10 August
CBR keeps rates steady, readies sale of OBR bonds – Nickel production in Russia to remain flat this year – Naftogaz increases compensation demand from Russia by US$5bn – Engie may pull out of Nordstream 2 – Albaraka Turk readies US$400mn issuance – Bank lending in Turkey to rise in 2018
10 Aug 2017