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GC Asia
Middle East
Saudi lands $3bn export financing agreement with Korea
Saudi Arabia has secured an export financing agreement with Korea’s export credit agency and trade insurance corporation.
15 Jan 2021
Emerging Markets
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CEE
SURE programme poses questions for CEE DMOs
After a record breaking year for sovereign bond issuance in central and eastern Europe, 2021 could be a different story, thanks to the European Union's vast economic support packages that could reduce the need for many CEE countries to tap international bond markets.
14 Jan 2021 -
Latin America
Colombia wraps LM to get ahead of uncertainty
Colombia’s public credit head told GlobalCapital that the sovereign had wanted to move quickly to get ahead of potential volatility as it printed $2.84bn of new bonds this week as part of a liability management operation.
15 Jan 2021 -
Latin America
Lat Am storms back with Thursday quartet
Four heavily oversubscribed Latin American new issues fetched tight pricing on Thursday, dispelling the unease felt at the week’s start and putting the region firmly on track to fulfil the predictions of record primary volumes for a January.
14 Jan 2021 -
Middle East
High yield issuers take front stage though CEEMEA ‘underwhelming’
Junk-rated emerging market sovereigns Benin and Oman sold bonds this week, with market participants saying their new issue premiums were minimal.
14 Jan 2021 -
CEE
Yapi Kredi to squeeze pricing on tier two dollar deal
Turkish bank Yapi Kredi launched a tier two dollar bond on Thursday, with demand strong enough for bookrunners to attempt to squeeze pricing.
14 Jan 2021 -
Investment Grade
Energean takes $700m loan to get Karish gas pumping
Energean, the London-listed oil and gas company, has signed a $700m loan to develop a gas field off the shore of Israel, as the company enters the final stretch in having the field up and running.
14 Jan 2021 -
Latin America
Mexico lines up euro LM
Just over a week after it reopened EM bond markets with a dollar deal, Mexico is turning to euros for a dual tranche new issue as part of a liability management exercise.
14 Jan 2021 -
Latin America
Dominican Republic prices inside guidance to keep Lat Am on track
The Dominican Republic raised $2.5bn across two tranches amid an improving tone in EM bond markets on Wednesday, providing an encouraging sign to the several Latin American credits expected to price before the week is over.
14 Jan 2021 -
CEE
Wizz Air flies off with debut euro bond
Wizz Air proved on Wednesday that markets are open for even those debut emerging market issuers in affected sectors.
13 Jan 2021 -
CEE
EM FIG trio storm into market seeking dollars and euros
Turkey’s Yapi Kredi, Russia’s Credit Bank of Moscow and Banque Ouest Africaine de Banque Ouest Africaine de Développement have all approached investors this week to sound out interest in hard currency bonds.
13 Jan 2021
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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Rating agency treatment of EM risk at odds with the people who take it
Credit rating agencies are attracting harsh criticism over their treatment of emerging market sovereigns. Some in the bond markets believe it threatens to undermine their authority when it comes to assessing creditworthiness.
12 Jan 2021
People & Markets
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Deutsche’s Ross goes on leave
Frazer Ross, head of investment grade debt syndicate for Europe, the Middle East and Africa at Deutsche Bank, is taking a sabbatical.
19 Jan 2021 -
Créd Ag's Loynes goes global
Damien Loynes' syndicate responsibilities at Crédit Agricole have been expanded.
06 Jan 2021
CEE
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Gazprom launches dollar bond, concerns remain over NS2
Gazprom, the Russian state oil and gas company, launched its first international bond in almost two years. However, concerns in the market remain about how the incoming Biden presidency will affect Russian corporates, including Gazprom.
20 Jan 2021 -
CEE and Dutch covered bonds offer pockets of value
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Turkey leaves 'a bit on the table' to take a third of annual funding need
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Deutsche Pbb readies debut green senior bond
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Sovcombank goes for rare social bond
Middle East
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Bahrain steps out with triple-trancher
The Kingdom of Bahrain launched a $2bn triple-tranche bond on Wednesday, the second sovereign trade from the Gulf region this year.
20 Jan 2021 -
High yield explosion as Bahrain and Turkey storm into market
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Saudi’s biggest bank mandates, market awaits sov
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Saudi lands $3bn export financing agreement with Korea
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High yield issuers take front stage though CEEMEA ‘underwhelming’
Islamic Finance
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Flurry of Uzbek corps set to debut, diversification on horizon
Diversification has taken hold in central Asia's Uzbekistan, which over the last two years has started its pivot towards international capital markets. According to sources, a plethora of debut deals is expected to hit markets in coming months.
07 Jan 2021 -
Egypt steams on with diversification as sukuk debut approaches
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EM bond issuers squeeze into swift closing issuance window
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Pakistan calls for banks for new bond programme
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Sukuk issuance shrinks despite market efforts to diversify into sustainability
Africa
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High yield issuers take front stage though CEEMEA ‘underwhelming’
Junk-rated emerging market sovereigns Benin and Oman sold bonds this week, with market participants saying their new issue premiums were minimal. However, bankers think total activity across CEEMEA over the last two weeks has been “underwhelming”.
14 Jan 2021 -
Benin EUR700m 4.875% Jan 30 EUR300m 6.875% Jan 52
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EM FIG trio storm into market seeking dollars and euros
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Room for high yield EM credits 'no issue' as Oman returns for dollars
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Rating agency treatment of EM risk at odds with the people who take it
Latin America
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Chile's green-social combo breaks yield, maturity records
Chile tapped bond markets for $4.25bn-equivalent of funding on Tuesday, starting with a 10 year green tap and new long-dated social bond in euros, and then following a similar playbook in US dollars.
20 Jan 2021 -
LatAm bankers in a rush as Guatemalan lender joins pipe
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YPF battle is a bad omen for Argentina bondholders
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Chile to follow Mexico into euros with green and social combo
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'No action' best way to block YPF exchange, says second creditor group
Asia
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CICC pulls in $1.5bn from bonds
China International Capital Corp (CICC) raised a larger-than-planned $1.5bn from the bond market on Tuesday in a deal driven by Asian accounts.
20 Jan 2021 -
Apollo Hospitals nets $160m from hot QIP
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SK Battery jolts market with $1bn green bond
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US banks face impossible questions on China
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China Modern Dairy pockets HK$1.56bn from share sale
