Volatile political backdrop puts EM issues on hold

07 May 2012

Emerging market deals such as the prospective debut bond from the Georgian Oil and Gas Corporation hit delays at the start of this week as political events in Europe over the weekend created tough market conditions for issuers.

The roadshow for the GOGC deal was due to finish on Monday in Switzerland after covering London, New York and Boston last week, but as yet no guidance has been released.

A banker close to the GOGC deal said guidance may come on Wednesday, depending on market conditions.

European ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial