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GC Asia
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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. The deal, which will bolster trade between the two, is the kingdom’s second ECA-backed deal.
15 Jan 2021 -
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 -
Dubai Aerospace Enterprise USD500m 2.625% March 25 USD750m 3.375% March 28
14 Jan 2021 -
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 -
Room for high yield EM credits 'no issue' as Oman returns for dollars
The Sultanate of Oman's return to debt markets is proof to some that the market is wide open for high yielding emerging market issuers. The sovereign mandated banks for a dollar deal as investors, hunting for yield, appear undeterred by volatility in the US rates market.
13 Jan 2021 -
Mandates indicate imminent EM corporate bond revival
A burst of mandates on Monday confirmed what many market participants had expected: a rise in emerging market corporate bond supply.
11 Jan 2021 -
Easing of GCC blockade on Qatar positive but not ‘ground-breaking’ for cap markets
The blockade imposed on Qatar by its Gulf neighbours in 2017 was lifted this week, with a gradual easing of all restrictions expected in the coming months. However, bankers and investors are skeptical that the move's "short-lived" effects will have a significant impact on regional capital markets, which have demonstrated resilience in recent years.
08 Jan 2021 -
No holding back in buzzing EM as all trades fly
Emerging markets issuers of all flavours ignored convention and stormed into primary bond markets this week, with great success. Renewed warnings about increasing debt ratios in emerging nations were no match for an extraordinarily supportive technical picture as investors piled into deals — even as Democratic victories in US Senate run-offs pushed rates higher. Mariam Meskin and Oliver West report.
07 Jan 2021 -
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 -
Pandemic propels Gulf capital markets expansion
The Gulf region has fared well this year, despite the double impact of the coronavirus pandemic and the drop in oil prices, according to Dr Jarmo Kotilaine, chief planning and monitoring officer at Bahrain’s Tamkeen and author of Trials of Resilience: How Covid-19 is driving economic change in the Arab Gulf. Kotilaine believes an expansion of capital markets activity in the region will be a key driver of economic growth in 2021.
11 Dec 2020
