Egypt pushes EM revival further with more HY issuance
Emerging market bond issuance, particularly from the Middle East, has been recovering after the brutal March shocks of Covid-19 and low oil prices. Egypt took that momentum further on Thursday as it announced a triple tranche trade.
The lion’s share of issuance from the region has been in the single-A band. Issuers such as Abu Dhabi, Saudi Arabia and Qatar have all won chunky order books for jumbo trades.But deal flow has filtered down the credit spectrum. Bahrain (rated B+/BB-)
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org