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.
Colombia's Central Bank Governor Juan José Echavarría speaks with Bonds & Loans about the economy, interest rates, and blockchain.
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.
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.
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.
Just a few years ago, barely any debt capital markets investors would have paid much attention to regions like Central Asia and the CIS. Yet with overwhelming demand for sovereign notes issued by the likes of Belarus and Tajikistan, regular issues from Kazakhstan and a highly anticipated debut Eurobond from Uzbekistan, the region is putting itself on the EM fixed income map.
The US has taken unilateral action to start a potential trade war with China. This is a policy mistake of gigantic proportions resting on a misunderstanding about how open economies work. The direction of US economic policy contrasts sharply with Chinese policies and we expect only a measured, proportional and targeted response from China, which will remain open to deeper trading ties with third countries, explains Ashmore's Jan Dehn.
Will 2018 see more African corporates tap into the public debt market? Are green bonds, sukuk, and other alternative fixed income structures likely to grow in prominence across the continent this year? And will political reversals in some of the region’s largest economies be matched by deep reform? Bonds & Loans spoke with dozens of borrowers, investors, bankers and government representatives at Africa’s largest debt capital markets conference – Bonds, Loans & Sukuk Africa – to get a sense of the key trends likely to dominate the region’s credit markets over the coming year.
Driven by the need for greater transparency and efficiency, blockchain is making its first inroads into the capital markets and bank operations more broadly. The technology could be a gamechanger for emerging markets, according to CFOs and analysts.
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11 Apr 2018