Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
JP Morgan overtakes HSBC to go top for the region
New facility smaller than the original but 20% larger than the launch amount
The new hire will report to Stan Chart's MENA FIG chief
In Europe loans are the key to opening ancillary business while in the Middle East relationships should cap premiums
More articles/Ad
More articles/Ad
More articles
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Bankers and investors saw the concession as low as zero but as high as 20bp -
Lender’s book was nearly three times oversubscribed, despite opening in London
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US inflation reading later this week will be the first major test for the EM primary market this year
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International banks are finding it harder to stomach the prices local rivals can offer
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Context and market conditions are always important when considering the merits of any new issue, but this was particularly the case in 2022, given how volatile markets were. Every CEEMEA issuer had to pay a high all-in price to get their deal away, and new issue premiums varied between issuers. EM issuers faced the toughest conditions in many years during 2022. The Russian invasion pushed investors to flee from riskier assets. The war had practical effects too: disruption to energy and food supplies sent inflation soaring and the resulting interest rate rises meant borrowing costs jumped sharply for CEEMEA issuers. New issue volumes dropped from 2021, particularly among CEEMEA corporates. By George Collard and Oliver West.
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The real estate firm has swapped an unsecured sukuk for secured debt
