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Investors cheer Maduro removal but Venezuela debt restructuring is far off

Oil reforms are needed for debt repayment to restart, but will be difficult to accomplish
Positive signs abound, yet deals still to materialise in EMEA

Snam issues €500m green bond exchangeable into Italgas

More convertibles expected after strong fund performance

BPCE pulls in huge demand for tightly priced social tier two

◆ Deal is heard more than 12.5 times subscribed despite slim, if any, concession ◆ Investors 'scrambling to get more risk' ◆ New trade precedes 10 year covered bond and follows $3.3bn triple-tranche Yankee
Positive signs abound, yet deals still to materialise in EMEA
Sub-sections
  • Thomas Hugger has more than two decades of investment experience in frontier markets. Volatility is part of the job description. But he has never faced challenges like those unleashed by the Covid-19 pandemic.
  • UK shopping centre owner Intu Properties has fallen into administration, throwing into question the fate of £2.5bn of CMBS notes secured by its real estate.
  • SSA
    The European Commission has published proposals for allocating €87.3bn of its €100bn unemployment support programme SURE, the temporary Support to mitigate Unemployment Risks in an Emergency facility. Italy and Spain are set to receive the largest amounts.