In January this year, Emirates NBD became the first Middle Eastern bank to participate with an international bond from Russia, but investors from the region have been increasing their exposure to Russian credits for some time.
4 Feb 2020
Uzbekistan’s oldest lender, state-owned SQB, issued its inaugural Eurobond months after the sovereign made its international market debut. Bonds & Loans speaks to Odilbek Isakov, the Deputy Finance Minister of Uzbekistan, and Aziz Voitov, the Chairman of SQB, about the challenges of fast-tracking the development of debt capital markets in frontier economies – where issuers are queuing up to take…
29 Jan 2020
There seemed to be no shortage of talk in 2019 around bolstering commercial and trade links between Russia and a number of African countries, but after high-level summits and dozens of press releases, industry observers see limited scope to expand those economic linkages beyond security, arms, and soviet vestiges.
28 Jan 2020
Analysts are puzzled by what is being described as one of the strangest local bond trades by the Russia MinFin in recent history.
24 Jan 2020
Tepid balance of payments figures in Russia are contributing to a shrinking current account surplus, which will place downward pressure on the ruble, according to a report from ING.
22 Jan 2020
Following the death of President Islam Karimov in 2016, Uzbekistan’s new President, Shavkat Mirziyoyev has set the country on a long but necessary path to reform. The relaxation of foreign exchange markets, release of political prisoners, and the sovereign’s debut Eurobond issuance have all since highlighted reform efforts in one of Asia’s most tightly controlled markets. Now, as the government…
21 Jan 2020
In affirming its positive outlook and BB- rating for Armenia, the agency praised the fiscal stabilisation and a fall in public debt of one of the smaller economies in the CIS.
20 Jan 2020
Announcement of a Middle Eastern leg of the bond roadshow signals Russian issuers’ commitment to diversify their investor bases.
16 Jan 2020
The fertilizer giant is roadshowing for a USD-denominated LPN that will go towards refinancing USD150mn Eurobond maturing next year.
14 Jan 2020