Environmental, social and governance (ESG) indicators are integral to PIMCO’s sovereign credit assessments, which inform our investment decisions. But how exactly do we incorporate ESG considerations into our decisions?
Madhukar Khetan, Chief Operating Officer at Dufil Prima Foods, spoke to Bonds & Loans about the Nigerian company’s expansion plans, cost-revenue balance, and the role of the issuance house for the local debt capital market.
16 Oct 2018
Cape Town is one of the few municipalities to have issued a green bond, a hugely successful transaction that generated significant oversubscription despite a challenging local market backdrop. We spoke with David Valentine, the Treasury Director and Janine Marion Abrahams, Head of Bank and Treasury Loans, Finance and Treasury Department at the City of Cape Town, about how it prepared for the transaction and why it chose to issue.
Nigeria’s economy recorded better than expected private sector credit growth in the third quarter of this year, with more borrowers funnelling the proceeds towards CAPEX-related activities – despite next year’s federal election looming. We speak with Jan Friederich, a senior director at Fitch Ratings about lingering risks in the country.
With the October mini budget speech looming, South Africa’s economy and funding environment come sharply into focus; both remain in a precarious state. Analysts, investors, CFOs and Treasurers who spoke with Bonds & Loans on a recent research trip to the region emphasise that the way in which the macro environment evolves, and the way in which the government tackles key issues like land reform, will to a great extent dictate the country’s trajectory over the near, medium and long-term.
Bonds & Loans interviewed Jermaine Leonard, Director, Sovereign Ratings at Fitch Ratings, about the macro outlook for East Africa and the sustainability of its debt burden.
20 Sep 2018
Despite overall syndication volumes down year-on-year, Sub-Saharan and East African markets are seeing pockets of activity and positive developments, including extending tenors and more corporates coming to market. We speak to Samta Lalan, Head of Distribution at Nedbank, about the lender’s key focus areas, market outlook and challenges facing the banking industry in Africa.
With pressure on high-yield assets and non-investment grade credit across EMs, Mixta Africa, an African property developer and fast-rising player in the continent’s real-estate market, is doubling down on its corporate principles – including adaptive product development, low cost land acquisition and establishing local communities – to navigate those challenges. Bonds & Loans speaks with Benson Ajayi, Executive Director and Chief Financial Officer for Mixta Africa about this and more.
How is the current macro environment – rising interest rates, a global escalating trade war, and elevated regional sovereign debt – influencing East African markets? John Lentaigne, Chief Underwriting Officer at African Trade Insurance Agency, speaks with Bonds & Loans about the economic outlook in some of the region’s largest economies.
- Eskom is Running Out of Options – and so is the Government
- 2019 Elections Weigh on Nigeria’s Outlook Despite Broad Economic Improvement
- Part II: Idiosyncratic Challenges Weighing on East Africa’s Local Bond Markets Growth
- Idiosyncratic Challenges Weighing on East Africa’s Local Bond Markets Growth
- Nigeria SWOT Analysis: Rising Oil and Election Jitters Paint Mixed Picture
18 Oct 2018