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The bank tightened a little more than a UAE peer did on Tuesday
The euro tranche is a refi of a bond maturing later in September
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
Data
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Investors are looking for clearer signals of the policies that former comic Volodymyr Zelensky will enact after winning power as Ukraine’s new president a month ago ahead of an expected return to the Eurobond market -
The finance minister of Bosnia and Herzegovina has used an interview with GlobalMarkets to send a strong warning to the European Union to increase investment in the Balkan region or risk falling behind China
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Investors have told GlobalMarkets that the decision to re-run the municipal elections in Istanbul will deliver fresh economic uncertainty in Turkey as further delays to much-needed reforms will add to drops in the currency and bonds
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The success of the commercial banking system in central and eastern Europe in taking over from development banks in providing finance will support the region ahead of a forecast slowdown in economic growth
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Hopes of attracting private finance to fill the funding gap for much-needed infrastructure projects in developing and emerging countries are being threatened by new rules aimed at making banks safer.
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Three new high yield issues were launched into marketing in Europe on Tuesday, including a pay-if-you-can bond, even though the market was a bit weaker after President Donald Trump’s sabre-rattling about raising trade tariffs on China.
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
