CEEMEA bonds resume but Russia concerns lurk

Emerging markets1_230
By Oliver West, Virginia Furness
18 Apr 2018

The CEEMEA bond market has proved resilient to the asset price crippling effects of the latest US sanctions against Russia with little evidence contagion. A steady stream of new issues this week confirmed that it is business as usual in the bond markets.

A slew of Middle Eastern issuers met with mixed fortunes, Turkey slipped in with a new 10 year, two South African banks are printing capital bonds and KazMunayGas has completed a new issue combined with a tender offer.

Middle Eastern bonds are going through an adjustment period ...

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