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Emerging Markets

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Reframing inflation might produce a more palatable number but is not always a great idea
Maxima and České dráhy are prepping euro notes
Ex-Goldman Sachs banker joins Stanley in Dubai

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  • Mexico’s deputy finance minister told GlobalCapital that proceeds from Wednesday’s $6bn blow-out bond would not be used to help state oil giant Pemex, despite several investors believing the government needed to issue more to prop up the debt-laden company with oil price having crashed in the wake of the coronavirus pandemic.
  • Mexico will continue to monitor international markets even after printing a $6bn triple-tranche deal on Wednesday, and this might include a buy-back of green bonds that were issued to finance the construction of a new airport that ended up being cancelled by the current administration.
  • CEE
    The Republic of Hungary has mandated a consortium of banks to lead a dual tranche bond issue in euros. The government's debt management body has increased its foreign currency issuance limits as a result of the spread of Covid-19.
  • China’s Dr Peng Telecom & Media Group Co is looking to extend the maturity date of a bond coming due in June.
  • Shenzhen Zhaoheng Hydropower Group has obtained a maturity extension for a $128m loan sealed in 2017, after difficult market conditions put pressure on its refinancing abilities.
  • India’s financial regulator has made a one-time relaxation of rules governing IPOs and rights issues in response to the coronavirus outbreak, which continues to keep the country’s population at home.