The Republic of Panama sold its largest ever bond across three tranches on Tuesday, clinching tight pricing on a new 12 year but appearing to offer value on a longer bond and a local law tap.
The volume of sukuk issues — bonds structured in line with Islamic financing principles — is set to decline this year, despite the market’s best attempts to diversify and become more sustainability-focused.
The Kingdom of Morocco, an infrequent emerging market issuer that some investors have been watching for, launched a euro bond on Thursday, its second in two years.
FS Agrisolutions Indústria de Biocombustíveis, South America’s largest corn-based ethanol producer, delayed pricing its debut dollar bond on Wednesday as emerging market credits endured a volatile day.
Brazilian retail group Lojas Americanas began calls with investors on Wednesday as it looks to sell a benchmark dollar bond with an intermediate maturity.
The Republic of Panama returned to bond markets for the first time in six months on Tuesday to raise $2.575bn of funding across three tranches — including a tap of its Euroclearable local law 2026s that offered a higher pick-up to the global curve than when the instrument was debuted in April 2019.
Fresnillo plc, the Mexican mining company, will begin meeting fixed income investors on Wednesday as it becomes the latest Latin American company to seek new bonds to fund a repurchase of old ones.
The European Union has passed the penultimate hurdle delaying its €100bn Support to mitigate Unemployment Risk in an Emergency (SURE) programme, all but clearing the way for issuance to begin.
Romania’s promotion to secondary emerging market status in the FTSE Russell EM index is the spark its capital markets desperately need in order to grow, experts have said.
First Abu Dhabi Bank, the highest rated lender in the Middle East, has mandated bookrunners to lead a perpetual non-call six year additional tier one (AT1) capital issue.
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.
View dataThe coronavirus pandemic has sparked an unprecedented wave of sovereign borrowing. Much of the paper has, unsurprisingly, ended up on the balance sheets of domestic banks. This has, equally unsurprisingly, prompted a fresh round of worry about the strengthening of the sovereign-bank nexus.
Goldman gives new positions to Marsh, Verri and Sorrell — Bain picks ESG boss — Falth turns up at Mizuho
Sovereign wealth funds from Abu Dhabi and Qatar have started to take ownership positions in new direct lending platforms in Europe and the US.
Goldman gives new positions to Marsh, Verri and Sorrell — Bain picks ESG boss — Falth turns up at Mizuho
The volume of sukuk issues — bonds structured in line with Islamic financing principles — is set to decline this year, despite the market’s best attempts to diversify and become more sustainability-focused.
The volume of sukuk issues — bonds structured in line with Islamic financing principles — is set to decline this year, despite the market’s best attempts to diversify and become more sustainability-focused.
Zambia’s request to defer payment on $3bn of its Eurobonds is the first potential default by an African government during the coronavirus crisis. The process has been poorly managed, say sources close to the matter, throwing into doubt Zambia's chances of winning leniency, the vital first step to avoiding a messy hard default. Mariam Meskin reports.
After a second Latin American borrower in a week pulled plans to issue a bond, bankers are suddenly concerned that the region’s idyllic issuance conditions may be over. But with two infrequent corporates, a Colombian bank and a debut high yield name preparing deals, the extent of the deterioration should be clear soon.
Thailand’s IPO market got a boost this week with SCG Packaging launching what is set to be the country’s largest listing since Covid-19 hit earlier this year. International and local investors have already swamped the deal, which is expected to raise up to Bt39.5bn ($1.25bn), writes Jonathan Breen.
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