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Daily Roundup

24 Nov 2017   Daily Roundup

Emerging Market Credit Daily Roundup: 24 November 2017

TAQA is trying to secure USD1.3bn loan – South Africa holds rates – Argentina’s Rio Negro is preparing a 7-year bond sale – PDVSA starts making interest payment on its bonds –– PFC begins roadshow for USD denominate green issuance – China to reduce tariffs on some consumer goods – T Plus Group suspends a planned bond sale

Emerging Market Credit Daily Roundup: 23 November 2017

EBRD reopened its lira-denominated 2021s – AfBD to bolster climate financing –Gabon inked a syndicated loan – PDVSA is looking for fresh funding –– Financiera OH! SA priced a PEN100mn local bond – Hong Kong International (Qingdao) issued a dual-tranche bond – Magnit to raise USD700mn

Emerging Market Credit Daily Roundup: 22 November 2017

First Abu Dhabi Bank places ‘dim sum’ bonds – Nigeria remains under ‘fiscal stress’ – Zambia cuts benchmark rate – Venezuelan authorities arrest Citgo executives – Indonesia reopens local currency bonds – Credito Real tapped the international markets – Yes Bank raised USD400mn through syndicated loans - Russia will continue to cut key interest rates

Emerging Market Credit Daily Roundup: 21 November 2017

Zimbabwe’s Mugabe resigns after 37 years in power – Turkey bond yields spike as sovereign issues TRY457.8mn 5-years – ADNOC signs USD6bn dual-tranche loan – Kalashnikov diversifies into cargo ship production ahead of privatization - Egypt's Food Industries Holding signed EGP2.5bn revolving credit facility – China’s debt could soar to 327% of GDP by 2022 – ISDA prepares to set out terms of Venezuela debt restructuring - South African Treasury sold record ZAR3.3bn multi-tranche bonds

Emerging Market Credit Daily Roundup: 20 November 2017

Lebanon carried out a debt swap – Nigeria launched USD3bn bond – Afreximbank raised USD150mn through a samurai syndicated loan – Petrobras secures USD1bn loan – DCB Bank raised INR3bn – Philippines plan panda bond sale – Mexico to reopen 2036s local notes – Slovakia issues a dual-tranche Eurobond

Telecoms Boom to Drive MENA Infrastructure Development Programmes

As GCC states embark on their massive USD3tn infrastructure development journey, the arrival of Amazon, Oracle and other global tech giants could push the telecoms sector into the frontline of that programme. But finding the funding for this costly venture at a time when oil prices are still low and coffers are thinning could prove challenging for the region.

Emerging Market Credit Daily Roundup: 17 November 2017

London Court rules in favour of Dana’s bondholders – Nigeria’s Eurobond gets a B+ rating – Togo sold XOF9.7bn in 2020 notes – Ghana to sell USD1bn in Eurobonds – ISDA says PDVSA and Venezuela have officially defaulted – China Jianyin Investment issued a triple-tranche, dual-currency bond – Sukuk issuances in Malaysia are up 20.6% – NE Property Cooperatief placed a EUR500mn bond

Emerging Market Credit Daily Roundup: 16 November 2017

IFC issued a MXN-denominated bond – Akbank signed a EUR173.5mn unsecured loan – Glencore offers Chad a grace period on loan repayment – City of Buenos Aires preparing a new bond sale – Argentina’s insurance companies won’t be able to invest in Central Bank’s securities – Wing Lung issued sold USD400mn of fresh debt – VIB secured a USD185mn syndicated loan – Croatia launched a 2030 bond

Emerging Market Credit Daily Roundup: 15 November 2017

Army deposes Zimbabwe’s Mugabe in “bloodless coup” – Global “green” issuances pass USD100bn mark – South Africa's Treasury placed ZAR3.3bn bonds maturing 2031, 2037, 2044 and 2048 – Toyota Financial Services Mexico to tap local markets with a MXN2.1bn bond – DBS issued international bonds for EUR500mn – Armenia, Chile maintain benchmark rate - Russia, Venezuela agree debt restructuring

Emerging Market Credit Daily Roundup: 14 November 2017

Iraq eases restrictions in Kurdistan region – Yields on Ezdan sukuk rise after downgrade – CIB to increase Tier 2 capital – Nigerian Senate approves USD5.5bn in foreign loans – Mazoon Electricity Company issued a USD500mn sukuk – Venezuela now in “selective default” –– Banco Actinver tapped the local markets – Russia to offer RUB108.9bn in OFZ bonds

 

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