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Recently departed banker to resurface in Asia
Investors were impressed with how the region's issuers have dealt with the crisis
Book coverage ratio was in the same area as Gulf banks' pre-Iran war euro issuance
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Argentine government-owned oil and gas company YPF again sweetened the terms of an exchange for its 2021 bonds on Monday, increasing the cash portion of the swap in an effort to persuade creditors to switch into longer dated notes and thus avoid the risk of default. -
Peruvian mining company Volcán is set to recover some lustre after a tricky 2020, proposing a liability management transaction and equity raise that should lower leverage and bring improvements to its rating.
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Brazilian auto parts supplier Tupy began investor calls on Monday morning ahead of a proposed senior unsecured bond that it wants to use to finance a tender offer for existing bonds.
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Ethiopia announced on Monday its intention to restructure its debt under the G20’s Common Framework. However, the statement has been criticised for its lack of clarity. Market participants say the G20 must urgently confirm how creditor negotiations will take place.
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Mass arrests following protests in Russia over the last two weeks in defence of opposition leader Alexei Navalny have increased the likelihood of US sanctions on some of the country’s leading figures. However, market experts say that new sanctions would be unlikely to cripple the country’s markets, as they have done in the past.
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The share prices of key subsidiaries of HNA Group took a beating on Monday after the beleaguered Chinese conglomerate announced a bankruptcy restructuring. One of its companies, Hainan Airlines Holding Co, also forecast $10bn of losses for 2020.
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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
