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Macro

Vaquero: Brazil finally on the right side of pricing

Petrobras is now selling fuel domestically at a premium, but has a lot of catching up to do explains Wilbur Matthews, CIO of Vaquero Global Investments.

24 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

Qatar’s Ooredoo to issue debt

Qatar’s telecommunications giant is looking to raise capital through debt issuances. This could prove problematic amid domestic economic prudence resulting from the commodity slump and concerns from abroad over the stability of the Middle East region.

10 Feb 2016

Mohebi Logistics issues sukuk

The Dubai government is constructing a new city, Dubai South. One company expanding in this area has followed the tradition of issuing a sukuk, albeit a rare type, to fund development.

9 Feb 2016

Zambia issues yet more treasury bills

Zambia has steep budget deficits to cover resulting from low copper prices. It has financed these locally and externally, increasing borrowing costs for the country. It is still issuing debt, but falling popularity amongst investors despite high yields has reduced the size of issuances recently.

9 Feb 2016

Is Russia selling its crown jewels?

In this article, Michael Ballauf, Analyst, Credit Research, Raiffeisen Bank International AG discusses how Russia's privatisation plan could benefit the Russian banking sector.

15 Jan 2016

Case Study: A Benchmark For Russian FIs

As the first public offering of benchmark Eurobonds in the primary market among Russian financial institutions, Alfa Bank’s US$500mn bond issuance was a standout in the Russian market after sanctions and a recession forced investors and issuers into narrower windows through which to chase yields and close deals. In this article, we reviewed the deal and spoke with Michael Lawrence, Head of…

15 Jan 2016

Amidst regional turmoil, Jordan provides opportunities

Most attention on the Middle East is focussed on the main oil producers in the region and their continuing struggle with ever falling prices, as well as various regional conflicts. But this makes it easy to overlook smaller states in the region that provide attractive opportunities for investors.

13 Jan 2016

A Stormy Outlook for Latin American Credit in 2016

The knock on effect of investors fleeing the sector for Latin American economies and Latin American Credit. In this article, Vernon Budinger, CEO / CIO, Latin America Structured Finance Advisors, LLC analyses the emerging debt investment landscape in Latin America and paints a picture of some of the region’s key markets in 2016.

8 Jan 2016

Case Study: Financing Lima’s First Underground Metro

At a total cost of over $5.6bn, the Lima Metro Line 2 is both Lima’s first underground metro line and the largest securitization to date in Peru's history of RPI-CAOs, the government’s payments rights mechanism. In this article, we reviewed the deal and spoke to Ignacio Montero Ezpondaburu, Corporate Finance Head of Public-Private Infrastructure Advisory at Banco Santander, about the financing…

8 Jan 2016

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