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Emerging Markets

Covid-19

Belarus unrest leaves investors wary

CEE

Belarus unrest leaves investors wary

Political unrest in Belarus has thrown up difficult questions for emerging market investors, as ESG concerns rise and those who would buy still not seeing an attractive opportunity to do so.

13 Aug 2020

Latin America

Entre Ríos latest Argentine province to prep debt talks

Entre Ríos will become the latest Argentine province to begin negotiations with bondholders after the national government’s restructuring agreement last week left the path clearer for provincial issuers.

13 Aug 2020
Crisis Talk

Economist Brad Setser on swap lines: Fed acted with speed and force

Many saw the US Federal Reserve’s decision to lend hundreds of billions of dollars to certain central banks at the height of the coronavirus crisis as pivotal in preventing further calamity in global markets.

13 Aug 2020
Emerging Markets

Bermuda eyes new bond to fund tender

Bermuda could issue a new bond in the coming days as it looks to fund the buy-back of up to $500m of debt.

12 Aug 2020
CEE

CEE lenders step up for local clients

Local lenders in central and eastern Europe have stepped up for local clients during the coronavirus pandemic.

10 Aug 2020
Latin America

EFE rides to tightest ever Lat Am corp long bond

Chilean state railway operator Empresa de los Ferrocarriles del Estado (EFE) debuted in international bond markets on Tuesday, achieving the lowest yield ever achieved by a Latin American corporate on a 30 year issue on the back of an eight times oversubscribed order book.

12 Aug 2020
Emerging Markets

Investors hunt for value among EM corporates

Market participants expect a stream of emerging market corporate bonds in September, with investors ready to hunt for value in the asset class against a much-improved backdrop.

11 Aug 2020
Latin America

CAF grows green Swissie trade

Latin American development bank Corporación Andina de Fomento (CAF) raised Sfr350m ($382m) of five year paper on Monday with its first green bond issue in the Swiss franc market.

11 Aug 2020
Middle East

Lebanon faces ‘dead end’ as IMF package remains distant

Monday’s resignation of Lebanon’s government in the wake of last week’s blast in Beirut has intensified angst among market spectators over the country’s future.

11 Aug 2020
Latin America

AES Panama generates $5bn of orders for amortiser

Electricity giant AES Corporation raised $1.38bn of bonds for its Panamanian subsidiary on Tuesday, attracting a bumper book into a note that could offer liquidity rarely found in corporate paper from the country.

11 Aug 2020
Emerging Markets

EM issuance booms but Q4 obstacles abound

CEEMEA emerging market bond issuance is in an extraordinary position with the highest year-to-date volumes in three years.

10 Aug 2020

Go to GlobalCapital's Emerging Markets data pages for the latest information on priced deals, league tables and our proprietary database of Islamic Finance deals.

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Comment

Rep risk of sov restructuring is worth it for real money investors

Real money investors have historically avoided the reputational risk involved in participating in sovereign debt restructurings. But a truly socially responsible investor should embrace these situations — for the sake of both their clients and troubled emerging nations.

11 Aug 2020

Bond Comments

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People & Markets

Economist Brad Setser on swap lines: Fed acted with speed and force

Many saw the US Federal Reserve’s decision to lend hundreds of billions of dollars to certain central banks at the height of the coronavirus crisis as pivotal in preventing further calamity in global markets.

13 Aug 2020
EMs urged to focus MDB climate loan boom on ‘build back better’ schemes

Emerging economies have a unique opportunity to direct the surge in climate-focused lending by public and private institutions towards 'build back better' schemes in the wake of the Covid-19 pandemic, according to a group of the largest multilateral development banks.

06 Aug 2020

CEE

Summit sells rights to fund CB buy, Russia project

Hong Kong-listed Summit Ascent Holdings, an investment holding company focused on operating resorts, is planning a rights issue worth HK$1.6bn ($206m).

14 Aug 2020
CEE locals step up but internationals still in the game
Belarus unrest leaves investors wary
CEE lenders step up for local clients
Turkish lira madness keeps bond plans on ice

Middle East

Qatar solar plant generates Japanese funding

A small group of Japanese banks have signed a syndicated facility that will support the funding of a solar power plant in Qatar, which is jointly owned by a consortium of Japanese, French and Qatari firms.

14 Aug 2020
Lebanon faces ‘dead end’ as IMF package remains distant
Delek Drilling sparks HY market with $2.25bn deal
Israel’s Delek steams ahead with $2.25bn trade
GLP, FAB take on more renminbi debt

Islamic Finance

Qatar solar plant generates Japanese funding

A small group of Japanese banks have signed a syndicated facility that will support the funding of a solar power plant in Qatar, which is jointly owned by a consortium of Japanese, French and Qatari firms.

14 Aug 2020
Lebanon faces ‘dead end’ as IMF package remains distant
Delek Drilling sparks HY market with $2.25bn deal
Israel’s Delek steams ahead with $2.25bn trade

Africa

Nigeria’s NNPC secures $1.5bn financing package

The Nigerian National Petroleum Company has raised a financing package, backed by multilateral lenders, commercial banks and oil trading companies.

06 Aug 2020
Investors pour in to Prosus’s euro debut
Multilateral funding provides South Africa with hope
Africa issuers miss out on EM bond resurgence
RWA deflation bolsters European bank capital levels

Latin America

Belize notches bondholder support for debt relief

Central American sovereign Belize said this week that more than three-quarters of its bondholders supported its proposal to capitalise its next three bond payments. The Covid-19 pandemic is battering the country’s tourism-reliant economy.

13 Aug 2020
IG pair trade up but Lat Am looks to September
EM real money should take on restructuring rep risk
Entre Ríos latest Argentine province to prep debt talks
Bermuda eyes new bond to fund tender

Asia

China policy round-up: Beijing sanctions 11 US officials, American companies warn against WeChat ban, India excludes Huawei, ZTE in 5G plan

In this round-up, China produces a sanctions list in response to a similar move by the US, multinational companies raise concerns on US president Donald Trump’s executive order against Tencent’s WeChat, and Chinese telecommunications firms will be barred from taking part in India’s 5G trial.

14 Aug 2020
China markets round-up: July TSF data disappoints, Chinese bank profits plummet, iQiyi reveals SEC investigation
Soechi wades out for refinancing loan
Yuexiu Transport extends bookbuilding for tight Panda
Thailand debuts sustainable bond with innovative structure