News content

Low oil prices and the absence of its biggest lender will see the global sukuk market shrink further in 2016 though a couple of brand new issuers are expected, according to Standard & Poor’s.

The Russian Ministry of Finance is living in a fantasy land if it thinks the IMF will have to reconsider its support of Ukraine under the Extended Fund Facility Agreement, according to analysts.

Barclays has printed one of the largest dollar senior trades from a European bank in recent memory, as it and Santander UK took home $5bn of holding company debt between them on Tuesday.

Private bank Otkritie has nearly completed a $185m one year loan, one of only a few international loans completed by Russian banks since the introduction of financial sanctions on the country by the US and European Union in late 2014.

Oman is finalising a $1bn sovereign loan and could sign as early as tomorrow (Thursday), according to a banker on the deal.

A trio of Chinese companies are seeking to list in Hong Kong, having filed draft prospectuses with the city’s stock exchange on Tuesday.

The dollar and sterling markets are proving to be a revelation for public sector borrowers in the first full week of 2016, as the Epiphany holiday across much of Europe on Wednesday dampened euro issuance.

Europe's equity capital market lost no time in hitting back after the scary start of Monday, when world markets tumbled after China's stockmarket went into freefall and Saudi Arabia and Iran's war of words became more rancorous.

In emerging markets, loans are leading the charge for financing this year, but the CEEMEA and Lat AM bond markets have made a slow start, with only one roadshow announcement so far.

Metinvest’s restructuring saga looks set to continue well into 2016 after the Ukrainian lender asked investors for a waiver of default up to May 27, 2016.

UK banks have wasted no time in plundering a deep dollar market for holding company senior debt this week, while euro investors have been restricted to a variety show of covered bonds.

Malaysian low cost carrier AirAsia is set to make its first outing to the international bond market having mandated three banks to arrange a series of fixed income meetings.