Europe
Ukraine Elections: Can Zelensky Lead a Transformation?
It seems that, on March 31, Ukraine once again received a chance to accelerate its transformation, argues Sergey Aleksashenko, a nonresident senior fellow at Brookings Institute and Russia's ex-deputy finance minister.
5 Apr 2019
CIS Issuance Set to Outsize Russia as Sanctions Continue to Pinch
As Russia enters its fifth year under sanctions and the deal pipeline in the region continues to be squeezed, south of the border some CIS and Central Asian states are undergoing remarkable transformation. But sanctions against Russia will not necessarily free up credit for potential issuers in the former Soviet states, all of which makes for an increasingly uncertain debt capital market for the…
5 Mar 2019
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
London Calling
The breadth and depth of London’s financial ecosystem, its broad appeal among investors and borrowers and the growing need for international borrowers to raise their credit profile is evident despite challenging geopolitical and market conditions. The City remains a top debt listing destination.
5 Oct 2018
EM Bond Outlook: Better 2H 2018 Expected
It has been a tough start to the year for emerging market bonds, but things are looking up as we head into 2H 2018 – you just need to know where to look.
12 Jul 2018
Trump’s Trade War with China: Impact on EM FX and Rates
US President Donald Trump unilaterally started the trade war with China and he shows no signs of letting up. His policies on trade mark a major departure from America’s long-standing commitment to free markets. The combination of protectionist measures and fiscal profligacy is likely to further increase the challenges faced by American companies in their quest to compete internationally by…
6 Jul 2018
Bonds & Loans Turkey Awards: Winners in 2018
Despite a conspicuous rise in tensions between Turkey and some of its closest neighbours and allies, the country finished 2017 as one of the fastest growing economies in the world – thanks in part to an unprecedented fiscal stimulus that helped among other things stoke the continued deepening of the capital markets. Against that backdrop, a number of leading issuers and borrowers once again set…
20 Feb 2018
Russia: Western Banks in Wait-and-See Mode Amid Consolidation, Sanctions Risk
Over the past three years, the Central Bank of Russia has done an impressive job of staving off financial crisis while continuing to consolidate the country’s bloated banking sector. But as the state’s share in the sector approaches 70%, questions are being asked about the sustainability of its approach and the risks for private lenders, particularly those headquartered abroad.
31 Jan 2018
Eurotorg CIO: ‘DCM debut positions us well for more deals’
Bonds & Loans speaks with Andrei Matsiavin, Chief Investment Officer at Eurotorg, a leading Belarusian food retailer, about the company’s hugely successful cross-border capital markets debut – which was also Belarus’ first international corporate Eurobond sale.
19 Jan 2018
Are the World’s Top State-Owned Airlines in for Hard Landing?
As state funding dwindled for many airlines that traditionally relied on government for support, they have been forced to find new pools of liquidity – or face financial ruin in a sector that has seen major upheaval over the past year.
16 Jan 2018