SSA - All articles

  • Philippines’ tack on $2.35bn bond wins over investors at tight levels

    The Republic of the Philippines printed one of its largest bonds on record this week at exceptionally tight levels, taking $2.35bn from a dual-tranche deal. The sovereign gave investors what they wanted: long tenors, attractive initial pricing levels and full clarity on the impact of Covid-19 on the country, writes Morgan Davis.

    • 29 Apr 2020
  • Philippines pushes maturities to 25yr

    The Republic of the Philippines pushed its bond maturities further this week, selling a 25 year note alongside a 10 year portion. The deal raised a combined $2.35bn, making it one of the country's largest trades.

    • 28 Apr 2020
  • Sovereigns face ratings pressure amid pandemic

    Some Asian sovereigns are at risk of being pushed out of investment grade territory as the Covid-19 pandemic takes a toll on their economies. India and Indonesia are of particular concern, with fears high that they are close to becoming fallen angels.

    • 22 Apr 2020
  • China to assign Rmb1tr bond quota to local governments

    Chinese local governments will receive another Rmb1tr ($141.4bn) in quota to issue special purpose bonds, as the authorities look to boost infrastructure spending and support economic growth.

    • 21 Apr 2020
  • Indonesia turns to bond market to fund Covid-19 stimulus, relief efforts

    The Republic of Indonesia raised $4.3bn from a triple-tranche bond this week, making quick progress in its effort to fund a fiscal stimulus package that it hopes will soften the damage of the Covid-19 pandemic. Morgan Davis reports.

    • 08 Apr 2020
  • Indonesia taps dollar bond market to fund pandemic relief

    The Republic of Indonesia turned to the bond market on Monday to fund its Covid-19 relief efforts, raising $4.3bn from a triple-tranche deal. Investor demand for long-dated tenors encouraged the country to offer a 50 year note as part of the trade, making it a first for Asian sovereigns.

    • 07 Apr 2020
  • Charities, NGOs call for developing world debt jubilee

    More than 100 charities and other organisations are urging that developing countries' debt payments be cancelled this year. They have called for interest and principal payments to be withheld from public and private sector lenders.

    • 07 Apr 2020
  • All eyes on Indonesia bond as pipeline builds up

    The Republic of Indonesia announced a triple-tranche bond sale on Monday morning, starting the week in Asia on a positive note. Bankers are watching investors’ response to the deal closely as more issuers line up new transactions.

    • 06 Apr 2020