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Emerging Markets

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  • Emerging market borrowers are flocking to the primary bond markets as ever more participants predict the US Federal Reserve will begin tapering its monetary stimulus, something that traditionally rings loud alarm bells for the asset class.
  • Rating: Ba3/B+/—
  • Russian gold miner Nord Gold said on Thursday that it wants to launch an IPO on the London Stock Exchange, following a rally in the price of gold since March.
  • The Republic of Senegal raised €775m on Wednesday in a deal that achieved a negative new issue premium of 25bp, according to bookrunners. Investors’ appetite for high yielding emerging market credit remains robust despite lingering concerns over developed market inflation and central bank tapering.
  • Over the last year or so, my furry companion has become my co-worker, supervisor and live-in best friend. But he still doesn't have security clearance.
  • Institutional and retail investors were in hot pursuit of China’s first nine infrastructure real estate investment trust (Reits) this week, as Beijing begins to develop the trillion-renminbi market.