Azerbaijan could tap the international capital markets to continue financing its flagship energy project as the country’s revenues are tightened due to low commodity prices. The country’s ability to attract investment will depend on its ability to adapt to current conditions.
14 Mar 2016
Gazprom is borrowing from the Bank of China to fund capital expenditure amid low gas prices. However, with Chinese companies likely to ask for higher yields than Russian borrowers are willing to offer, Russo-Chinese partnerships could be few and far between.
7 Mar 2016
Russian local bonds are increasing their performance against most other emerging market debt. An easing in monetary policy, combined with a slowly improving oil outlook have contributed to the bonds rise. Decreasing risk sentiment around the country will also contribute to the popularity of the country’s potential Eurobond.
3 Mar 2016
The Russian state is looking to the international debt markets to raise funds. Any sovereign debt could attract large investor demand, but a lack of fiscal transparency in the country has fuelled worries that sanctioned companies may be the real beneficiaries of any debt raised.
18 Feb 2016
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
Russia is experiencing large capital outflows as the country’s economy falters under collapsing oil prices. To cover losses from oil revenues, the Kremlin is looking to sell off stakes in certain state assets.
5 Feb 2016
VTB has had a recent trend of buying back its bonds, and recent hints that it could do so again raises questions over how the bank is coping under western sanctions and low commodity prices.
28 Jan 2016