Emerging Markets - All News

  • Romania and Ivory Coast extend EM sovereign rush

    CEEMEA sovereign borrowers extended their last minute funding spree this week with Romania joining Ivory Coast in the primary bond market.

    • 02.45 PM
  • Turkey leaps on optimism with last ditch dollar deal

    Less than a week after Turkey made a long desired increase in interest rates hike, the sovereign has returned to the bond market for a last gasp bond deal before the market starts to run down for the year. The situation is giving market insiders confidence that Turkey is returning to orthodox policy making.

    • 02.15 PM
  • UOB reprices covered bonds with largest deal and record demand

    United Overseas Bank revitalised the moribund Singaporean covered bond market on Tuesday with the first euro deal in two years and the largest from a Singaporean issuer. The bonds attracted record demand and were priced inside UOB’s curve, showing the extraordinarily receptive state of the market.

    • 01.00 PM
  • Russia’s Ozon set to close IPO with 'huge book'

    Ozon, the Russian e-commerce company, is set to complete its IPO on the Nasdaq on Tuesday having built a huge order book for the stock.

    • 12.15 PM
  • HKBN closes HK$5.5bn loan

    Hong Kong Broadbank Network has increased a loan to HK$5.5bn ($709m) after attracting 20 participants during syndication.

    • 08.30 AM
  • Tiga Spac roars with $240m from larger US IPO

    Singapore-based Tiga Acquisition Corp has pocketed $240m after increasing the size of its New York Stock Exchange IPO.

    • 08.30 AM
  • Alibaba CEO learns lesson in humility

    Alibaba’s chief executive Daniel Zhang has praised a regulatory crackdown on China’s technology titans. That was an abrupt turn from co-founder Jack Ma’s loose-lips policy to discussing China. Investors will be relieved.

    • 08.30 AM
  • Chinese bonds stable amid regulatory noise, repayment promises

    Chinese domestic bond investors got a break from a wave of recent selling pressure this week, after a statement from a powerful financial regulator and a repayment pledge from one beleaguered issuer. But high-profile defaults continue.

    • 08.00 AM
  • Future Retail bonds boosted by Reliance news

    Bonds from India’s Future Retail rallied in the secondary market this week, after Reliance Industries got approval to buy the struggling business.

    • 08.00 AM
  • All-in cost made century bond perfect for Peru, says DMO

    Peru grabbed the bond market’s attention on Monday with a $4bn triple-tranche issue including a 100 year bond despite the country being on its third president this month. But the country’s public treasury director said it was the all-in yield, not the desire to make headlines, that drove Peru to become the fourth Latin American borrower ever to sell a century bond.

    • 07.00 AM
  • Books bulge as Peru set for century bond

    Peru will become the fourth Latin American borrower to issue a century bond on Monday, selling a triple-tranche dollar issue including a 100-year bond despite the fact that the the country is on its third president this month.

    • 23 Nov 2020
  • Serbia goes for dollars in second outing of the year

    The Republic of Serbia hit euro markets on Monday, seeking to raise a 10 year bond in its second offering of the year.

    • 23 Nov 2020
  • UOB to issue first Singapore covered bond in two years

    United Overseas Bank has mandated leads for the first euro covered bond benchmark from a Singapore lender since September 2018. The deal takes advantage of the Monetary Authority of Singapore’s (MAS) recent decision to increase covered bond issuance capacity.

    • 23 Nov 2020
  • Africa shows up at last as Ivory Coast mandates for euros

    The Ivory Coast has sparked life into what has been a bleak year for sub-Saharan African bond issuance. Most sovereigns have turned to the official sector to support them throughout the coronavirus crisis as a result of being priced out of the international debt capital markets, bankers said.

    • 23 Nov 2020
  • Junk-rated Oman taps investors in cash grab to bolster finances

    Oman, one of only two sub-investment grade sovereign credits in the Gulf region, was tapping two of its dollar bonds on Monday as it seeks to shore up state finances.

    • 23 Nov 2020
  • Evergrande’s bonds, stocks up on SOE tie-ups

    China Evergrande Group got a boost to its bond and stock prices on Monday, after its flagship subsidiary convinced a large group of equity holders not to exercise a put option. The company also secured two new state-backed investors.

    • 23 Nov 2020
  • Taiwan’s GIS returns to loans with longer tenor

    Touch screen manufacturer General Interface Solutions, an affiliate of Foxconn Technology Group, is seeking a $300m loan to refinance a deal set to mature next year.

    • 23 Nov 2020
  • The week in review: China extends $2.1bn in debt relief to developing countries, top regulators vow ‘zero tolerance’ on misconduct after defaults

    In this round-up, Beijing says it has suspended $2.1bn in debt payments from two dozen nations under the G20 framework, and the top Chinese financial regulators send strong signals to the onshore market in the wake of a string of domestic bond defaults.

    • 23 Nov 2020
  • Indian regulator plans cut to minimum float for chunky IPOs

    India’s securities regulator has proposed slashing the minimum required share offering of large IPOs, helping the country’s biggest companies comply with listing rules.

    • 23 Nov 2020
  • Evergrande Property Services launches HK$16bn IPO

    China's Evergrande Property Services Group has kicked off its IPO, aiming to raise up to HK$15.8bn ($2bn) with strong support from friends-and-family investors.

    • 23 Nov 2020
  • China Biologic secures $1.1bn loan for privatisation

    Two Chinese banks have agreed to arrange a $1.1bn loan to support China Biologic Products Holdings’ delisting from the Nasdaq stock exchange.

    • 23 Nov 2020
  • Bolivia bonds stable despite debt relief plan

    International investors have remained sanguine about the chances of a restructuring of Bolivia’s sovereign bonds even after the finance minister said the recently elected government was seeking payment relief on some external debt.

    • 23 Nov 2020
  • Peru central bank sees 'broad' market access amid sov bond delay

    Julio Velarde, the governor of the central bank of Peru (BCRP), insisted that the country had broad access to international financial markets as the sovereign’s bond spreads more than recovered the ground lost during recent political volatility.

    • 23 Nov 2020
  • Som like it hot: Uzbekistan entices investors with dual currency bond

    The Republic of Uzbekistan, which debuted in international debt markets just last year, sold a dual currency bond this week, as foreign investors eyed up an Uzbek som tranche.

    • 20 Nov 2020
  • IMF flags up sovereign debt instrument to help with post-Covid restructures

    An obscure sovereign debt instrument could play a role in ensuring that countries facing a debt crisis in the aftermath of Covid-19 can organise a swifter restructuring with creditors, according to the International Monetary Fund.

    • 20 Nov 2020
  • China policy and markets round-up: Nafmii tightens bond regulations, Yongcheng Coal investigation broadens, Chinese holding of UST hits three-year low

    In this round-up, the interbank bond market regulator announces stricter rules for domestic bond issuance, the investigation into firms linked to a defaulted state-owned issuer widens, and China reduces its holding of US Treasury bonds for four straight months.

    • 20 Nov 2020
  • CDB ends six-year dim sum hiatus with chunky deal

    China Development Bank returned to the offshore renminbi bond (CNH) market after six years with the largest print in the currency for 2020.

    • 20 Nov 2020
  • Time constraints pressure Suriname consent solicitation

    Suriname could be running out of time to avoid default via a consent solicitation designed to grant it a debt standstill, even as bondholders praised the sovereign’s approach to discussions.

    • 20 Nov 2020
  • Investors still waiting for Changxing's debut bond

    Changxing Urban Construction Investment Group Co, a Chinese company focused on construction services, announced its debut dollar transaction on Thursday. But the deal was not priced as of Monday, GlobalCapital Asia understands.

    • 20 Nov 2020
  • Gaw, Schroder to mandate two for Cityplaza One loan

    A consortium led by Gaw Capital Partners and Schroder Pamfleet is set to mandate United Overseas Bank and Standard Chartered for a loan to support its acquisition of Cityplaza One, according to two sources close to the situation.

    • 20 Nov 2020
  • Masan gets $200m loan for subsidiary

    Vietnam’s Masan Group Corp has signed a $200m loan with four banks to support a capital injection into a subsidiary.

    • 20 Nov 2020
  • Yatsen jumps 75% on NYSE debut

    Chinese cosmetics company Yatsen Holdings saw its shares spike 75% on their New York Stock Exchange debut on Thursday, after the firm priced its IPO at the top of the marketed range.

    • 20 Nov 2020
  • Ke takes home $2bn from rapid ECM return

    Chinese housing-related platform operator Ke Holdings has raised $2.05bn from a fresh follow-on offering of its New York-listed shares, returning to the equity market less than three months after its IPO.

    • 20 Nov 2020
  • Investors drawn to trio of Lat Am debutants

    Bond buyers snapped up three debut issuers from Latin America in the space of two days this week, jumping at rare chances to add variety and — in certain cases — juicier yields to their portfolios.

    • 19 Nov 2020
  • Chile debuts social framework in peso deal

    Chile increased its first social bond on Thursday, returning to the Euroclearable peso market for the first time in 18 months with a deal that bankers said had higher international participation than expected.

    • 19 Nov 2020
  • Bondholders calm as Guatemala pledges to avoid default

    Guatemala’s international bonds prices finally reacted this week to its failure to make a November 3 coupon payment amid a legal battle with a US energy company. But the Central American government’s public credit office says a solution is imminent and bondholders appear confident that default will be avoided.

    • 19 Nov 2020
  • Mexico eyes Jan restart even after $6.6bn LM

    Mexico carried out its largest ever liability management exercise this week, refinancing more than $6.6bn of dollar bonds with new longer dated debt. But deputy finance minister Gabriel Yorio says that the sovereign will remain very active in international bond markets in the short term and is likely to be back in dollars early next year.

    • 19 Nov 2020
  • ADB makes Pakistani rupee debut

    The Asian Development Bank made its first foray into the Pakistani rupee market this week, tapping a growing appetite for frontier currency-linked paper.

    • 19 Nov 2020
  • Saudi Aramco USD500m 1.25% Nov 23 USD1bn 1.625% Nov 25 USD2bn 2.25% Nov 2030 USD2.25bn 3.250% Nov 2050 USD2.25bn 3.50% Nov 2070

    • 19 Nov 2020
  • Bond deal the next step as Turkey delivers longed for rate hike

    The Central Bank of the Republic of Turkey delivered a much anticipated interest rate hike on Thursday, fulfilling market watchers' hopes that the country will reform its way to economic recovery. A trip to the primary bond market for the sovereign could be imminent.

    • 19 Nov 2020
  • Pinduoduo set for $6.1bn from jumbo fundraising

    The tripling of Chinese e-commerce firm Pinduoduo’s shares this year did little to deter investors from pouncing on its follow-on and convertible bond outing. It raised about $5.3bn from the combined transactions, paving the way for further expansion and growth.

    • 19 Nov 2020
  • China default fears rise after SOEs allowed to miss payments

    China’s onshore bond market has been hit with a number of high-profile defaults from state-owned issuers, undermining primary supply and leading to a spike in secondary yields. Addison Gong reports.

    • 19 Nov 2020
  • A curse to be back in the office?

    Some of us have got quite comfortable working from home — a bit too comfortable.

    • 19 Nov 2020
  • AC Energy powers up fixed-for-life bond structure

    Philippine company AC Energy found good support for a $300m fixed-for-life green perpetual bond on Wednesday, with demand from existing and new investors, as well as domestic fund managers.

    • 19 Nov 2020
  • China makes triumphant return to euro bonds

    The People’s Republic of China returned to the European market on Wednesday, part of its plan to make euro bond outings an annual exercise. The €4bn transaction was a blow-out, with the order book well oversubscribed — and one of the three tranches achieving the sovereign’s first negative yield. Morgan Davis reports.

    • 19 Nov 2020
  • Wuhan construction company builds $200m bond

    China Gezhouba Group Co raised $200m from a subordinated perpetual bond on Wednesday.

    • 19 Nov 2020
  • Mexico’s FEL Energy increases size on secured bond

    Mexican power generator FEL Energy, which sells 70% of its capacity to state-owned electric utility CFE, priced a debut bond deal on Wednesday as investors were unshaken by noise surrounding a different Mexican credit with a long-term agreement with a government-owned entity.

    • 19 Nov 2020
  • Lojas Brazil’s B2W prints debut just wide of parent

    Digital retailer B2W attracted a huge book on its bond market debut on Wednesday, tightening pricing to land just an 0.125% in yield terms wide of its parent company, Brazilian retail giant Lojas Americanas.

    • 19 Nov 2020
  • Guatemala hopes to end default dispute 'within two days'

    Guatemala’s head of public credit said on Wednesday that the Central American sovereign hoped to resolve in the “next two days” a dispute with Florida-based Teco Energy that has caused its fiscal agent in New York to freeze a coupon payment due at the start of this month.

    • 18 Nov 2020
  • Aramco impresses investors with $8bn multi-tranche bond

    The world's largest oil company, Saudi Aramco, on Tuesday raised an $8bn multi-tranche bond, featuring a rare 50 year piece, in only its second entry into debt capital markets. Proceeds from the deal will help it to generate enough cash to fund a dividend of $75bn as oil prices remain under pressure.

    • 18 Nov 2020
  • QNB raises $3.5bn syndicated loan

    Qatar National Bank, by assets the largest bank in the Middle East and North Africa, has raised a dual tranche $3.5bn syndicated loan, one of the largest emerging market loans signed this year.

    • 18 Nov 2020
  • Sappi sells $120m convertible, first since 1995

    South African pulp and paper company Sappi has tapped the equity-linked market for financing with a new five-year R1.8bn ($120m) convertible bond.

    • 18 Nov 2020
  • Central China pushes out $300m bond

    Central China Real Estate paid up for its $300m return to the bond market on Tuesday, navigating weaker investor sentiment to get its deal over the finish line.

    • 18 Nov 2020
  • Laskshmi Vilas set to merge with DBS India

    Lakshmi Vilas Bank is set to merge with DBS Bank’s operations in India, under a central bank plan to save the cash-strapped local lender.

    • 18 Nov 2020
  • Blackstone seeks banks for Piramal Glass buyout loan

    Blackstone is working on the financing for a potential acquisition of India’s Piramal Glass. Although the deal is still in its early stages, international banks are facing competition from cheap onshore liquidity. Pan Yue reports.

    • 18 Nov 2020
  • CapitaLand times ECM deal on market boost

    CapitaLand Retail China Trust (CRCT) took advantage of strong investor demand for its placement to fully exercise a greenshoe option and raise S$245.4m ($182.8m) on Tuesday.

    • 18 Nov 2020
  • Chile schedules dual-tranche peso sale for Thursday

    Chile will look to sell $1.8bn-equivalent of Euroclearable, peso-denominated domestic law bonds to local and international investors on Thursday, according to the finance ministry.

    • 18 Nov 2020
  • Peru scarcity trumps political uncertainty as Auna notches debut

    Peruvian private healthcare provider Auna sold its first international bond on Tuesday, overcoming major political volatility in its home country as bankers said the limited offering of Peruvian corporate paper played in the issuer’s favour.

    • 18 Nov 2020
  • Mexico to meet Japanese investors

    Mexico will hold a virtual non-deal roadshow with Japanese investors next week, according to Gabriel Yorio, Mexico’s deputy finance minister.

    • 18 Nov 2020
  • Guatemala fights to free coupon frozen by court as surprise default looms

    Guatemala is locked in a legal fight with Florida-based Teco Energy that public credit director Rosa María Ortega said in a motion to a New York District Court endangered the Central American sovereign’s “perfect” bond repayment record.

    • 18 Nov 2020
  • Dongfeng Nissan plans swift return to China ABS

    Dongfeng Nissan Auto Finance Co is set to launch a Rmb4.9bn ($747m) auto loan asset backed securitization next week.

    • 18 Nov 2020
  • Russians need to move quick to get ahead of sanctions

    With the inauguration of US president-elect Joe Biden in January will come increased expectations of further sanctions against Russian figures and corporates. Russian issuers should take advantage of the rally initiated by Biden's election performance and follow their sovereign into bond markets to raise cash while the going is good.

    • 17 Nov 2020
  • Sistema gains first ESG credit line from Russian lender

    Sistema, the Russian diversified holding company, has raised a sustainability-linked credit line through the country's largest lender, Sberbank. Though there has been an increase in sustainability-linked financing in Russia, this deal marks the first ESG-linked loan between a domestic corporate and borrower.

    • 17 Nov 2020
  • Aramco 50 year among Gulf trio 'leading charge' in EM bonds

    A flurry of Gulf issuers was on track on Tuesday to securing last minute bond funding, as investor appetite appeared insatiable for emerging market debt amid a rally that may well be curtailed by the impending US Thanksgiving holiday.

    • 17 Nov 2020
  • China’s bank capital market comes of age

    Baoshang Bank’s complete write-down of close to $1bn of tier two debt offers an invaluable lesson to investors in China’s domestic bond market.

    • 17 Nov 2020
  • CapitaLand China targets S$300m for acquisitions

    CapitaLand Retail China Trust is tapping equity investors for S$300m ($223.16m) to fund a spate of property acquisitions.

    • 17 Nov 2020
  • Ke builds demand for $2.6bn deal

    Chinese housing-related platform operator Ke Holdings, which listed in August in New York, is back again to the equity market. It is looking to raise around $2.6bn from a follow-on offering.

    • 17 Nov 2020
  • Pinduoduo eyes $4.85bn from follow-on/CB combo

    Chinese e-commerce giant Pinduoduo has kicked off a multi-billion-dollar equity fundraising exercise, taking advantage of a sharp rally in its share price this year to aim for as much as $4.85bn.

    • 17 Nov 2020
  • Jingrui nets $240m from LM outing

    High yield property company Jingrui Holdings raised $240m on Monday as part of an exchange and new money exercise.

    • 17 Nov 2020
  • China plots return to euro market

    The People’s Republic of China is planning a comeback to the euro bond market this week, one month after selling its first dollar trade in the US.

    • 17 Nov 2020
  • Opportunistic Mexico notches largest LM at tightest ever dollar yields

    Latin America DCM bankers’ promises that a sovereign would jump on recent market positivity materialised on Monday as Mexico turned to international bond funding for the fifth time this year with a heavily oversubscribed liability management exercise that totalled $6.625bn, once switch-tenders were included.

    • 17 Nov 2020
  • Brazil’s B2W eyes bond debut just weeks after parent print

    B2W Digital, the digital arm of Brazilian retail group Americanas Universe, began investor calls on Monday as it looks to debut in international bond just weeks after its parent company successfully did the same.

    • 17 Nov 2020
  • Suzano taps sustainability-linked notes

    Brazilian pulp and paper company Suzano tapped its sustainability-linked notes for a further $500m on Monday, overcoming rating agency concerns about leverage to issue 85bp inside where it originally sold the bonds just two months ago.

    • 17 Nov 2020
  • Tough times await defaulted Zambia

    Zambia has become Africa’s first sovereign to default since the coronavirus started, after it failed to make payments on its Eurobonds. The heavily indebted country now faces a rocky path to debt restructuring, market sources said.

    • 16 Nov 2020
  • Saudi Aramco targets rare 50 year tranche in cash grab

    Saudi Aramco, which made its debut in bond markets last year, has mandated banks to arrange a dollar offering, including a 50 year tranche — a maturity only issued once before by a Gulf borrower. According to market players, this is an opportunistic move to grab cash before year-end taking advantage of yield-hungry investors.

    • 16 Nov 2020
  • Pakistan raises $370m loan

    Pakistan’s Ministry of Finance and Revenue has raised a $370m syndicated loan from a group of 10 banks.

    • 16 Nov 2020
  • Tianqi Lithium warns of potential default

    Chinese company Tianqi Lithium Corp has warned of a possible default on an acquisition loan amid a liquidity crunch, as it struggles to make a repayment by the end of November.

    • 16 Nov 2020
  • China's Yatsen launches $617m US listing

    Chinese beauty company Yatsen Holding has set its New York Stock Exchange IPO in motion, kicking off bookbuilding for a $616.9m listing.

    • 16 Nov 2020
  • Cifi makes quick loan return

    Shanghai and Hong Kong-headquartered property developer Cifi Holdings (Group) has made a quick return to the loan market. It is seeking $300m-equivalent.

    • 16 Nov 2020
  • Baoshang Bank writes off Rmb6.5bn tier two bonds

    Holders of Rmb6.5bn ($984m) of subordinated bonds issued by Inner Mongolia-based Baoshang Bank will lose all their investment after the firm was deemed non-viable by Chinese regulators.

    • 16 Nov 2020
  • Bond market gets slow start as Trump, onshore China default raise caution

    Asia’s primary bond market started on a slow note on Monday, surprising debt bankers who were gearing up for strong deal flow. But recent announcements from the US over China investment, coupled with rising US Treasury yields and a default in the Mainland bond market, have given issuers some pause.

    • 16 Nov 2020
  • Hong Kong IPOs: Four companies pre-market listings

    JD Health International, Evergrande Property Services Group, detergent maker Blue Moon Group Holdings and video marketing company Netjoy Holdings have started pre-marketing their Hong Kong IPOs.

    • 16 Nov 2020
  • The week in review: China signs free trade deal with Apac countries, regulator loosens insurers’ equity investment restrictions, AllianceBernstein seeks mutual fund licence

    In this round-up, 15 countries in Asia Pacific seal one of the largest ever trade agreements, China’s banking and insurance regulator relaxes rules for equity investments by insurers, and AllianceBernstein Hong Kong eyes a mutual fund licence onshore.

    • 16 Nov 2020
  • Suriname invites bondholders to IMF talks as it seeks payment relief

    Suriname has accepted bondholder pleas to participate in discussions with the International Monetary Fund as it looks to persuade creditors to grant five months of payment relief ahead of a full-blown debt restructuring.

    • 16 Nov 2020
  • FEL energises Lat Am pipe as bankers hope for pre-Thanksgiving rush

    Mexican power generator FEL Energy is the most recent Latin American credit to announce bond issuance plans but bankers covering the region expect several drive-by trades this week before the US Thanksgiving holiday cuts the window short next week.

    • 16 Nov 2020
  • Ex-finmins of Paraguay, Ecuador confirmed at IADB

    The Inter-American Development Bank’s board of directors on Friday appointed the executive team that will serve under recently installed president Mauricio Claver-Carone, with former finance ministers of Paraguay and Ecuador taking key roles.

    • 16 Nov 2020
  • The Biden vintage, the brains behind the vaccine, REIT-bank linkage, climate action for debt shrinkage

    This week in Keeping Tabs: what a Biden administration means, the people behind the BioNTech vaccine, the link between commercial property and bank equity, and a proposal for dealing with debts in poor countries.

    • 13 Nov 2020
  • China policy and markets round-up: CPI inflation drops to decade low, Beijing vows better Sino-Italian financial co-operation, regulator drafts rules to rein in internet monopolies

    In this round-up, October headline Consumer Price Index (CPI) inflation hits a 11-year low, the Chinese and Italian finance ministers promise to work on the two-way opening up of the countries’ financial markets, and the top market watchdog readies anti-monopoly rules for the internet sector.

    • 13 Nov 2020
  • Sunac Services seals $1bn HK listing at mid-point

    Chinese property management firm Sunac Services has priced its Hong Kong IPO at the middle of guidance, bagging HK$8bn ($1.03bn), according to a source close to the deal.

    • 13 Nov 2020
  • ESR readies $320m Korea Reit IPO

    South Korea-based ESR Kendall Square is set to launch a W357.3bn ($320.3m) IPO for its real estate investment trust (Reit).

    • 13 Nov 2020
  • Chinese government-owned trio raise dollars

    Government-backed Chinese issuers Shandong Hi-Speed Group Co, Wuhan Trading Group and a local government financing vehicle from Xi’an ventured to the offshore dollar bond market on Thursday. They raised a combined $880m.

    • 13 Nov 2020
  • Dairy giant Yili debuts with $500m bond

    Chinese dairy products manufacturer Inner Mongolia Yili Industrial Group Co made its inaugural appearance in the offshore bond market on Thursday. Huaxin Cement Co also printed its first dollar deal.

    • 13 Nov 2020
  • Singapore Airlines fires off S$850m CB as markets soar

    Flag-carrier Singapore Airlines issued a S$850m ($629.6m) convertible bond this week, taking advantage of a surge in equity markets to signal confidence to investors.

    • 13 Nov 2020
  • Delmar joins Morgan Stanley

    Marcelo Delmar, a veteran of Latin American bond markets, has joined Morgan Stanley’s debt capital markets team in New York, GlobalCapital understands.

    • 13 Nov 2020
  • Ena gets blowout as Lat Am quiet mystifies

    Panamanian toll road operator Empresa Nacional de Autopistas (Ena) notched up what one observer called a “slamdunk” debut deal on Thursday and swiftly traded higher in the grey market. But the lack of primary activity from Latin American heavyweight borrowers was puzzling some bankers.

    • 12 Nov 2020
  • Total Play makes market entry to encourage Mex HY

    Latin American bond bankers said that Mexican telecoms company Total Play Comunicaciones’ debut bond issue on Monday — the second Mexican high yield deal since the onset of Covid-19 — was an encouraging sign for other issuers from the country.

    • 12 Nov 2020
  • Bovine exuberance

    It felt like a great weight had been lifted from financial markets this week. Two weights in fact.

    • 12 Nov 2020
  • Turkish turnaround in sight with bond set to follow rate hike

    Turkey could be on track for one of the most remarkable emerging market recoveries of the year, after a shake-up of top officials signalled a return to orthodox monetary policy, inspiring confidence among investors. With the lira starting to recover from record lows, bond market insiders anticipate a new issue before the end of the year. Mariam Meskin reports.

    • 12 Nov 2020
  • ‘The US is back’: hopes of Biden multilateral boost grow

    A Joe Biden White House offers an opportunity for international and regional multilateral financial institutions to lobby for extra financing to deliver essential assistance to countries hit by Covid-19, according to experts.

    • 12 Nov 2020
  • CDC finishes public funding in Swissies

    French agency Caisse des Dépôts et Consignations finished its 2020 syndicated funding programme with a visit to the Swiss market this week, printing an extremely tight deal through the high quality domestic covered bond curve.

    • 12 Nov 2020