Macro
ORPIC in large debt financing
Oman’s ORPIC has managed to successfully secure a large project financing facility in a region where economies are suffering from low commodity prices. The corporate’s independence from the sovereign, and success as a result of that, highlights that there are still attractive investment opportunities in the Middle East.
15 Mar 2016
Emerging markets face large debt repayments
Both emerging market sovereigns and corporates will be tested over the next few years as high levels of debt begin to reach maturity amid a time when servicing such foreign currency denominated debt is becoming increasingly difficult.
14 Mar 2016
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