In advance of our Bonds, Loans & Sukuk Nigeria 2018 conference and forthcoming special report on the region, Bonds & Loans met with a broad range of local finance leaders in order to get a sense of the risks and opportunities on the horizon.
The Central Asian Republic saw 9x peak oversubscription and impressive yield tightening of nearly 900bp with its inaugural Eurobond transaction to source funds for the construction of the world’s tallest dam.
Colombia's Central Bank Governor Juan José Echavarría speaks with Bonds & Loans about the economy, interest rates, and blockchain.
EM FX was mixed Friday, capping a mixed week as a whole. COP, CLP, and MXN were the best performers last week, while RUB, BRL, and TRY were the worst. While concerns about trade wars and Syrian missile strikes have ebbed, risks to EM remain elevated. US retail sales Monday and Fed Beige Book Wednesday are the economic highlights this week.
Gulf sovereigns tapped the debt market on an unprecedented scale over the past couple of years as banking liquidity tightened and the hunt for yield pushed investors into new territory, setting the stage for more non-financial corporate bond issuance and a huge funding culture shift among the region’s enterprises. But there may be reason to believe what began to be seen as a funding revolution in the region could be stopped in its tracks.
The West African nation was able to extend its debt profile with the first ever EUR 30-year tranche from the continent’s sovereigns and the largest ever EUR-denominated issue by an African sovereign.
US and EU monetary policy normalisation, the price of oil, and the pace of economic transformation are top of mind for many following the GCC, but the key risks – and opportunities – present in the region are both deeper and wider than is often appreciated.
EM and risk assets came under greater pressure Friday as trade tensions mount. This backdrop is not conducive for EM by any stretch, and unless tensions are ratcheted down, selling pressures are likely to remain in play.
9 Apr 2018
In advance of our Bonds, Loans & Sukuk East Africa 2018 conference and forthcoming special report on the region, Bonds & Loans visited the region to meet with a broad range of finance leaders in order to get a sense of the risks and opportunities on the horizon.
- Promigas CFO Aquiles Mercado González on Promioriente, Brilla and Expansion
- Pro-Western Stans: Central Asian Republics Mulling Capital Markets Push
- Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
- CASE STUDY: Senegal Hits Tightest Yields for SSA Sovereigns with Dual-Currency Bond
- CASE STUDY: MTP Navigates Regulatory Unknowns to Issue Mexico’s First Tower Securitization
11 Apr 2018