Global
Indonesia Merdeka Copper Gold taps the loan market for US$130mn
Indonesia’s Merdeka received a loan to fund developing mining projects. The move comes amidst concerns over the health of commodity dependent countries.
24 Feb 2016
Fed tightening doing more harm than good?
The current economic climate will continue to negatively affect many emerging markets. The US rate rise has added to the worsening outlook, and with possible further rate rises ahead emerging market economies could be put under increasingly heavy pressure.
23 Feb 2016
Saudi Arabia to issue floating rate bonds
The Kingdom is planning to issue floating rate bonds in an attempt to incentivise domestic banks to continue to buy its debt with the possibility of high yield offerings, as the country struggles to manage its budget deficit. However in doing so it is running the risk of further tightening domestic liquidity.
22 Feb 2016
Philippines’ low yield bond attracts high interest
Bucking the broader emerging market debt trend, the Philippines has issued a low yield bond that attracted huge levels of interest.
22 Feb 2016
Saudi Arabia, Russia agree oil output freeze as Iran, Iraq enter spotlight
The world’s two largest oil exporters have agreed to a freeze in output as long as other large oil exporters do so as well. The preliminary deal is the first between OPEC and non-OPEC counties in 15 years.
17 Feb 2016
China’s interest in Latin America grows exponentially
With western interest in Latin America flagging, China is stepping in to support the region which has suffered badly from recent economic crises. However, the country may not have its market dominance for long with the rise of other emerging powerhouses.
16 Feb 2016
ACWA to raise up to US$8bn in debt
With liquidity already squeezed in the Middle East on low oil prices, the Saudi government is looking to ease the burden on the state by increasing private sector growth. Saudi based ACWA is keen to lead the sector’s delivery of independent power producers through a large growth spurt.
16 Feb 2016
Standard Bank looks for African loans
Standard Bank is on the hunt for loans for some of its entities. With African Eurobonds proving unpopular amid economic conditions in the region, loans could stage a comeback.
15 Feb 2016
BlackRock looks up on emerging market debt
The world’s largest asset manager has u-turned and is now looking increasingly optimistic on emerging market debt amidst international concerns over the recent performance of debt in many of these markets.
15 Feb 2016
QIB looking to increase sukuk programme
The stability that sukuk offer, a desirable characteristic in today’s emerging markets more than ever, is part of the reason why Qatar Islamic Bank is looking to increase the amount it can issue. Although this move is likely to be welcomed, opinions could easily change if the bank decides to actually push ahead with an issuance.
10 Feb 2016