EM bond market braced for heavy load in January

Virginia Furness

January 02, 2018 01:00 pm

SocGen_PA_230x150 — Moody's ratings agency said Wednesday Sept. 14, 2011, it had downgraded by one notch top French banks Societe Generale and Credit Agricole while leaving BNP Paribas on negative watch. Credit Agricole's rating slid from Aa1 to Aa2 while Societe Generale was cut from Aa2 to Aa3. Shares in all three banks have plummeted in recent weeks on exposure to Greek sovereign debt and turbulence caused by the eurozone debt crisis. File picture : French bank Societe Generale headquarter building in the business district of La Defense near Paris, France on February 18 2009. Photo by Etienne de Malglaive/ABACAPRESS.COM | de Malglaive Etienne/ABACA/PA Images

Emerging market borrowers will front-load their funding tasks in 2018, according to several EM bankers who are predicting a busy month.

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Topics

Africa Bonds Emerging Markets EM - Africa EMEA Africa Société Générale North Africa Egypt

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Virginia Furness