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GC Asia
Emerging Markets
Markets steady as Fed inches closer to tapering
The US Federal Reserve signalled on Wednesday that a tapering of its support the economy may not be too far away.
29 Jul 2021
Emerging Markets
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CEE
Alfa banks on roubles in second bond of year
Alfa Bank, Russia’s largest privately owned bank by assets, loan portfolio and equity, this week sold a Euroclearable bond in roubles.
28 Jul 2021 -
Latin America
Oi sells dollars in refi scheme
Oi, the Brazilian telecom company, re-entered international debt markets this week to raise almost $1bn of short-dated paper.
28 Jul 2021 -
Latin America
Plastic fantastic: SMI joins ring of LatAm SLB issuers
Peru-headquartered San Miguel Industrias, known as SMI Group, which produces plastic packaging across Latin America, sold a sustainability-linked bond on Monday.
27 Jul 2021 -
Africa
Rwanda mandates for return after eight year hiatus
The Republic of Rwanda is set to return to the international bond market for a dollar bond, joining a club of sub-Saharan African sovereigns that have taken advantage of attractive funding conditions in recent weeks.
27 Jul 2021 -
Sovereigns
Cyprus edges closer to IG ratings hat-trick
Moody’s upgraded Cyprus on Friday, leaving it one notch below investment grade status and a step closer to reclaiming high grade ratings from all three of the major rating agencies.
26 Jul 2021 -
CEE
Turkish energy co launches green bond
Turkish renewable energy company Aydem Yenilenebilir Enerji launched its debut bond on Monday, a green dollar offering.
26 Jul 2021 -
Africa
Tunisia bonds fall as ‘coup’ sends shockwaves
A decade after the Arab Spring erupted in Tunisia, the country has found itself once again in the throes of a political crisis, sending shockwaves through investors.
26 Jul 2021 -
Latin America
Panamanian airport lines up LM
Aeropuerto Internacional de Tocumen, the government-owned operator of Panama City airport, is looking to sell new bonds to refinance its existing senior secured notes, the issuer said on Friday.
26 Jul 2021 -
Latin America
Buenos Aires inches towards drawn out debt restructuring
The Province of Buenos Aires reached a debt restructuring agreement with some but not all of its bondholders last week, leaving observers pondering what was left to resolve a stalemate that has already lasted 15 months.
26 Jul 2021
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Solid EM outlook is no reason for issuers to relax
Emerging market fixed income analysts are right to assert that the asset class is well placed to avoid a taper tantrum such as it endured in 2013. That does not mean issuers should not be hurrying up their funding plans.
08 Jun 2021
Bond Comments
more bond comments
People & Markets
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Published term Sonia standards give niche debt transition clarity
A major capital markets body published its final standard for using term Sonia reference rates on Wednesday, as the remaining pieces of the Libor transition puzzle fall into place before most pairings for the benchmark end on December 31.
28 Jul 2021 -
BlackRock voting change raises hopes of further progress
BlackRock, the world’s largest investor, has upped its game on engaging with companies about environmental, social and governance issues this year, especially climate change, under a new manager.
22 Jul 2021
CEE
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Alfa banks on roubles in second bond of year
Alfa Bank, Russia’s largest privately owned bank by assets, loan portfolio and equity, this week sold a Euroclearable bond in roubles.
28 Jul 2021 -
Turkish energy co launches green bond
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Ukraine taps dollar deal as it waits for official cash
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European logistics firm Raben secures €225m SLL
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Turkish renewable corp makes international debut with green bond
Middle East
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Terminal X Online attracts strong demand for Tel Aviv IPO
Terminal X Online Ltd, the Israeli fashion e-commerce company, is due to price its IPO at Ish11.42 a share, the top of the initial range, valuing the company at Ish1.3bn ($390m) on a post-money basis.
22 Jul 2021 -
Saudi stocks outperform to boost kingdom's IPO pipeline
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Terminal X Online's IPO covered on day one
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Sofr first for FAB
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ING replaces head of Mid East wholesale banking
Islamic Finance
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Published term Sonia standards give niche debt transition clarity
A major capital markets body published its final standard for using term Sonia reference rates on Wednesday, as the remaining pieces of the Libor transition puzzle fall into place before most pairings for the benchmark end on December 31.
28 Jul 2021 -
Turkey mandates for sukuk days after Aramco blow-out
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Khazanah scores $1bn from rare offshore outing
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Maldives sails offshore for $100m
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Malaysia readies sustainable sukuk
Africa
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Rwanda mandates for return after eight year hiatus
The Republic of Rwanda is set to return to the international bond market for a dollar bond, joining a club of sub-Saharan African sovereigns that have taken advantage of attractive funding conditions in recent weeks.
27 Jul 2021 -
Tunisia bonds fall as ‘coup’ sends shockwaves
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Nigeria bond on horizon as appetite remains for HY EM
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Benin launches SDG debut amid doubts over sustainability of HY EM issuance
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Domestic unrest throws SA market access into question
Latin America
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SLB momentum in EM triggers debate over pricing innovation
As sustainability-linked bond issuance gains momentum in emerging markets, questions are being asked about the product and its potential for innovation. The next iteration could see a feature already accepted in the loan market but not yet in bonds: a margin step-down.
29 Jul 2021 -
EDC returns to Chilean pesos
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Oi sells dollars in refi scheme
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Plastic fantastic: SMI joins ring of LatAm SLB issuers
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Panamanian airport lines up LM
Asia
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Louis Dreyfus sows the seeds for $450m SLL
Louis Dreyfus Co Asia has become the latest commodities company to tap the debt market, seeking a $450m sustainability-linked loan that is being widely syndicated.
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Chinese stock rout derails IPO pipeline as regulators flex their muscles
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Korea’s HK Inno.N, Krafton seal IPOs at top end
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Finding hometown pride in unexpected corners
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Chexim leads policy bank peers in onshore perp market
