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African Bank is gathering responses this week for a two tier buy-back of its outstanding dollar and Swiss franc debt in a bid to reduce its interest expense. The bank was bailed out by the Reserve Bank of South Afica in April. -
Aside from an oil related blip over the last 24 hours, emerging market bonds have continued their strong post-Brexit run this week though borrowers are taking a wait-and-see approach.
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Kuwait's Burgan Bank has picked five banks to manage its senior bond offering after establishing a new EMTN programme on Sunday.
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Russian and Chinese authorities are working towards the establishment of a renminbi hub in Moscow, at a time when Russian banks are seeing growth in RMB-related business and the central bank has begun investing in the currency.
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Far Eastern Shipping Company (Fesco) kicked off restructuring talks with advisors to its Eurobond holders on Tuesday and aims to complete the process before Christmas.
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The Treasury Corp of Victoria has mandated National Australia Bank to lead an Australian dollar green bond.
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Ukrainian energy company DTEK secured the approval of its bondholders to dispose of some $400m of assets which will enable it to cut its debt burden by 17% on June 30.
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Investors rejected the latest offer from Russia’s Brunswick Rail on Thursday as the fight to receive better restructuring terms on the company’s notes due 2017 continues.
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Kuwait's Burgan Bank established a new EMTN programme on Sunday which has taken it one step closer to issuing in senior format.
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China is working hard to delivering on the promise of creating a multicurrency, global monetary system despite the difficulties in challenging the dollar’s status, according to an annual report by the think tank Official Monetary and Financial Institutions Forum (OMFIF) published on June 30.
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Several covered bond borrowers are expected to launch deals next week, breaking a two week hiatus surrounding the UK’s referendum on EU membership on June 23.
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Mozambique’s battered sovereign bonds dropped to new lows this week after the IMF warned its public debt is at high risk of distress after concluding a fact finding mission to the country last Friday.
