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◆ Middle East capital securities will need to be refinanced ◆ Supranationals, agencies and municipalities have had a good war ◆ New ideas to promote covered bonds
Economic damage from the Middle East war will last for months, if not longer
Central banks in the region have stepped in with support and lenders are thought unlikely to let sub debt extend
Data
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Sovereign and Garanti are following Turk Eximbank's successful Monday deal
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Demand let A rated sovereign cut spread by 35bp
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New issue premium estimates at IPTs ranged from 37.5bp to 50bp
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New addition Shaya will run CEEMEA desk in his absence
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Post-management senior positions can be very valuable, but only if handled right
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The government has had no problem raising money in capital markets since October 2023
Sub-sections
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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