YES Bank opened a gateway into the Japanese market with a dual-currency syndication that attracted an unusually high number of Taiwanese lenders.
Unperturbed by global economic woes, geopolitical tensions and the rise of populism in the West, China is committing itself to the largest infrastructure development project since the Great Wall. But the costs of the grand project are expected to run into hundreds of billions of dollars and, with the Chinese banking sector already over-leveraged, questions arise over its ability to finance projects and the funding alternatives available to it.
As China’s Central Bank rolls out fresh reforms with the purpose of redirecting financing to sectors where credit is usually scarce, some investors question if now is the time to boost borrowing in China.
The final piece of the Rosneft-privatization puzzle appeared to fall into place, as initial investors Glencore and QIA agreed to sell the majority of their stake, purchased in December last year, to a little-known Chinese oil company. Yet the wider implications of the deal for the oil market and Sino-Russian ties are still unclear.
China has over the years moved to strengthen its ties to Latin America in a range of areas, and a recently proposed free trade agreement between the Asian powerhouse and Mexico could take that one step further – potentially opening up a vast new trade and capital corridor between the two regions.
Heads of state of the BRICS countries descended upon Xiamen, China earlier this month to discuss how to propel the bloc’s trade and commercial links forward. But with most of the organisation’s leading members knee-deep in political or economic mud, analysts are left wondering whether they have been overshadowed by the rest of the emerging market pack.
UNEC to raise AED1bn – Bahrain to issue a sukuk – Nigeria pre-launched its sukuk sale – Afreximbank to boost capital for lending – CABEI gets upgraded – ADB tapped the international markets – Russia to resolve dispute with Exxon Mobile
Non-resident EM inflows flatline in August – Middle East bond market to see USD20bn of new supply in 2017 – Oman replaces CBO governor – Ecobank subsidiary secures USD250mn 5-year loan – Brazil looks ready to cut rates – Mexico City airport in market for USD2bn – CDB looks to raise CNY5bn in green bonds – ArcelorMittal Ukrainian subsidiary in loan talks with EBRD
Azure Power’s recent USD500mn green bond due 2022 won accolades for being the first solar green bond, paving the way for a wealth of new issuance in the country. We speak with Inderpreet Wadhwa, Founder, Chairman, and CEO, Azure Power about the issuance process, whether the costs of issuing outweigh the benefits, and how issuers can build being green into their corporate DNA.
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13 Dec 2017
29 Nov 2017