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CFO Insights

Usiminas Completes Debt Refinancing, Sees Upside in Steel Demand Despite Oil Price Spike

Back in 2016, Brazilian steel maker Usiminas looked to be entering dire straits: the company was forced to renegotiate 92% of its debt and has been absent from the international bond markets since 2008. But as net debt fell to BRL5.5bn in 2019, its amortisation schedule improved and global funding conditions became more favourable amid rate cuts, the steelmaker returned to the international…

4 Oct 2019

Following Divestment, Forte Upstream Services CFO Mulls Expansion into E&P

Following the conclusion of the divestment of its downstream and power generation businesses, Bonds & Loans speaks with Idris Olufowobi, Chief Financial Officer of recently formed Forte Upstream Services Ltd. about the company’s funding objectives and challenges, and discusses why the company is assessing a move into the exploration & production space.

17 Sep 2019

Benin Minister of Finance on the Country’s Successful Eurobond Debut, Reform, and Development

Benin’s debut Eurobond issuance was one of the top sovereign transactions of 2019, decisively putting the country on the map for EM investors. Bonds & Loans caught up with the country’s young and enthusiastic Minister of Finance, Romuald Wadagni, to discuss the government’s borrowing strategy, the country’s impressive growth story, and progress on key reforms.

11 Sep 2019

IFC Treasurer: “Global debt markets are undergoing rapid transformation”

Bond markets are not particularly well-known for being cutting edge. The vast majority of trading still takes place over the phone, and the settlement process more often than not still takes days rather than hours or minutes. But in emerging markets, where funding innovation is helping borrowers overcome capital bottlenecks and Fintech is enabling new pockets of growth, that perception is…

10 Sep 2019

Viathan Group CFO: “Banks that don’t embrace fintech will be replaced”

Viathan Group is an emerging energy player in the power and gas sector in Nigeria but in financing circles, the company is perhaps best known for its innovative 2018 infrastructure bond issuance – when it pioneered a new structure for the country’s capital markets. Babajide Ibironke, the Group’s CFO, talks to Bonds & Loans about the company’s growth ambitions and funding strategy, overcoming the…

6 Sep 2019

Eurotorg’s Strategy, Investment Chief on Funding Diversification

After issuing Belarus’ debut corporate Eurobond in 2017, Eurotorg tapped the Russian market for the first time in July with its RUB5n issuance. Bonds & Loans speaks with Andrei Matsiavin, the company’s Chief Strategy and Investment Officer about Eurotorg’s strategic focus areas, issuing in the Russian market, and its future funding plans.

22 Aug 2019

Azul Airlines Focussed on Brazilian Market and Fleet Revamp

Joelmir Baumgratz discusses increasing capacity for less cost, consolidation in the airlines market, oil price fluctuations driving complex hedging strategies and using air miles as collateral on financings to bring yields down.

13 Aug 2019

MTN CFO Targets Capital Structure Optimisation in Nigeria and Ghana

South Africa-based pan-African telecoms operator MTN Group has been at the forefront of the industry’s transition towards data-centricity and, in Africa specifically, it is leading the region’s bid to use mobile technology to bolster financial inclusion and connect ever greater numbers of users to the internet. We speak with Ralph Mupita, MTN’s Group CFO, about the funding strategy underpinning…

1 Aug 2019

Invest in Turkey: One Belt One Road Already Helping Attract Capital from Asia

Despite being caught in the turbulence that rocked emerging markets in 2018, Turkey remains an attractive destination for foreign investors, boasting strong fundamentals and a growing pipeline of projects in need of capital. Bonds & Loans spoke with Ahmet Burak Dağlıoğlu, Vice President of Invest in Turkey, about the growing role of Asian investment in the country, funding diversification and…

30 Jul 2019

Majid Al Futtaim’s Treasury Head on Why Going Green is About More than Just Marketing

UAE-based lifestyle conglomerate Majid Al Futtaim broke new ground earlier this year when the company placed the world’s first benchmark-sized corporate green sukuk. Bonds & Loans spoke with John Arentz, Head of Treasury at Majid Al Futtaim, about the company’s green capital markets debut, the strategy underpinning the transaction, and why – green bond or not – treasurers need to bolster their…

26 Jul 2019

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