SSA - All articles

  • Is social unrest an ESG issue?

    Popular discontent could well rise in many countries as the coronavirus crisis hits the poorest worst of all. In the past, unrest may have only worried government bond investors to the extent that it damaged creditworthiness. But, as market participants become ever more socially conscious, DBRS Morningstar’s Nichola James says that we can also apply an ESG (environmental, social and governance) lens to it.

    • 24 Jun 2020
  • China prices tight Covid-19 special govt bonds amid liquidity concerns

    China sold the first two tranches of its Covid-19-themed special treasury bonds this week, pricing the Rmb100bn ($14.1bn) notes well inside the treasury curve and market expectations. There are some fears about pressure on liquidity, given the total funding target of Rmb1tr, but market watchers said there is little cause for concern just yet. Addison Gong reports.

    • 18 Jun 2020
  • Indonesia brings back green sukuk

    The Republic of Indonesia rolled out its annual Islamic finance transaction on Tuesday, taking $2.5bn from a three-tranche sukuk. The sheer strength of investor interest surprised the bankers on the bond, leading to a hefty 70bp tightening and a deal that offered negative new issue premium.

    • 17 Jun 2020
  • Updated: MoF kicks off Rmb100bn special treasury bond sale

    China will start selling the first batch of its Covid-19-themed ‘special treasury bonds’ this week. While it will only raise Rmb100bn ($14.1bn) initially, the overall target of Rmb1tr has raised some concerns around short-term liquidity in the market.

    • 16 Jun 2020
  • Public sector specialist Field moves to escrow business

    Simon Field, who spent many years in HSBC’s global banking team looking after public sector clients, has taken up a new position as global head of escrow.

    • 10 Jun 2020
  • Indian bonds hit in secondary after downgrade

    Moody’s Investors Service downgraded the government of India to Baa3 from Baa2 on Monday, triggering bonds from the country to widen in the secondary market.

    • 02 Jun 2020