Oil crash to affect niche MTN issuance
The recent fall in the price of oil is having a knock-on effect on non-core currency issuance. While oil dependent markets could take a hit as their currencies weaken, some net importers could benefit from a stronger currency and safe haven flows.
Oil prices are down almost 40% this month, following the collapse of OPEC talks last week and Saudi Arabia’s escalating oil price war.The market ructions mean that opportunities to issue are few and far between. “There has been nothing in the market, given the extreme volatility,” said ...
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