Top section
Top section
2024 DCM plans mostly unchanged but set up for 2025 looks better
Lower interest rates could fuel corporate capex plans and stimulate M&A
'Resurrection' may not come till after US election
More articles
More articles
More articles
-
Rump placement was 814% oversubscribed, Almarai shares to be distributed
-
-
-
Banker says ‘all the big investors are still there’
-
◆ UniCredit-Commerzbank news unlikely to have an impact ◆ Fair value thoughts revealed ◆ Deal to be priced on Wednesday
-
OQEP to be largest listing in Middle East this year, largest ever in Oman
-
Last of privatised Saudi milling companies announces price range and start of institutional bookbuild
-
A distorted curve makes judging fair value at this tenor difficult
-
ING's Turkish arm is also planning a debut deal in a small size
-
Investment grade Shell-Cosan JV in Brazil reprices curve tighter after 3bp NIP
-
First look at what figure a combined Uni-Commerz would cut in investment banking
-
Investors want to lock in high coupons, though still prefer the top ranks of the sub-IG universe
-
Deal represents new way for government to use private capital for public policy objectives
-
-
Burst of ECM action in South Africa and Poland
-
Deal will be the Qatari bank’s first Swiss franc bond in four years
-
High yield corporate bond issues in CEEMEA, outside Turkey, are hard to come by
-
Vukile Property Fund raises primary capital to buy Portuguese shopping malls, block trades expected to dominate South African ECM
-
No sign of Polish risk fatigue as bank’s combined books hit €5.8bn
-
Sukuk has a novel call option to enable the Dubai real estate firm to refinance in 2026
-
Trade is the first sukuk from a Gulf bank since early summer
-
US oil company gains following from traditional EM buyers and US high yield investors
-
Dollar paper continues to flow during September spree
-
BGK to sell its third dual tranche euro deal of the year
-
Mexican hotel project Murano surprised some by getting hairy deal over the line at last despite lack of track record
-
Capital markets may be about numbers but more than that, they’re about people. When you’re pitching clients remember that, and also what Aristotle said about logos, ethos and pathos — but forget the hubris
-
Bank capital issuance spree set to run as investors lap up even lower credits
-
Few issuers had to pay any new issue premium this week
-
Demand came from a diverse group of investors, said one lead
-
Demand peaked at nearly $15bn for a $4bn trade
-
Deals cross the finish line amid slow bookbuilding and sluggish aftermarket performance
-
The spread CEE banks are offering versus the eurozone periphery issuers is attracting investors
-
Supranational issuer finds rousing reception in dollar market while other SSAs struggled in euros
-
New issues this week have been priced impressively but some warn underlying conditions are not as robust as advertised
-
◆ Bank markets NC5 and NC10 dual trancher with a flat curve ◆ Deal follows another long dated dollar AT1 from BNP Paribas ◆ More EM dollar AT1s in the pipe
-
Turkish issuers continue to pay little or no new issue premiums
-
Lender is the only Gulf bank printing senior paper this week
-
A fresh trade from Saudi Arabia's sovereign wealth fund beat expectations on Tuesday
-
BBVA Mexico increases size of senior deal after taking biggest oversubscription of the day
-
Oversubscriptions are hefty and pricing tight as pace of restarted issuance surprises bankers
-
Equity capital markets agreement has worked well for CA in Europe
-
YPF, Eletrobras among big names lining up as LatAm primary market shakes off shackles
-
◆ BNP Paribas reopens most subordinated issuance in dollars ◆ Bank of Ireland goes for eyewateringly tight new deal and tender ◆ Alpha Bank tightens 50bp
-
-
Rare tier two bonds and an additional tier one will price this week
-
Bankers were not surprised at an AT1 appearing so early in September
-
Saudi Arabia's sovereign wealth fund is printing its second sukuk of the year
-
IPOs keep coming in Turkey with shipbuilder and olive bottler
-
Bank bonds from CEE are in high demand
-
The airline's low costs give it a big advantage over rivals, said analysts
-
Hungary has been borrowing in the yen market for 40 years
-
◆ Slovenia debut emblematic of issuers tapping Japanese market despite carry trade chaos ◆ Being all things to all investors in the covered bond market ◆ Corporate issuers keep it short and sweet
-
Supply from the Gulf Co-operation Council is going to be heavy over the next few weeks
-
Borrower finds flexibility and investor diversification at no added cost
-
NMDC Energy's $877m IPO leads bulging pipeline in Gulf, but Europe stays 'hard to read'
-
Hopes that Middle Eastern companies would become active in global M&A have yet to materialise as volumes stay depressed
-
A pipeline of sovereigns looking for yen bonds awaits
-
Fernanda Guardado hired after Gustavo Arruda left for Mastercard
-
The two southeast Asian credits joined a host of other dollar issuers keen to get ahead of the September rush
-
Demand for Czech electricity company’s latest deal is lower than when it issued in June
-
The vast majority of issuance from Kuwait is from banks, making this a rare opportunity for buyers
-
Lower demand for a longer tranche was a reflection of market conditions, said one banker
-
The bank has reduced the spread by more than nearly any other CEE bank in the last 18 months
-
New bond will be the electricity company's second SLB in three months
-
Orders for dollar tranche were more than $4bn, euro orders even higher
-
-
Loans to strong credits in the Middle East are in high demand, banker says
-
US election volatility means issuance may be more front-loaded than ever
-
More than 12 regional and global banks joined the facility as Middle Eastern companies find M&A appetite
-
-
Other CEE sovereigns have secured arbitrage by printing in dollars
-
The yen market has had a rocky month after the Bank of Japan raised interest rates
-
Domestic investors dominate shorter tranches, foreigners support longer bonds as Mexico hits size target
-
◆ Why benchmark issuance has resumed earlier than usual ◆ What lies ahead for capital markets ◆ African issuers switch out of loans to bonds
-
South African mining firm raised €500m through triple tranche green loan to fund Finnish lithium project
-
Optimism on rates leads bankers to expect corporates and banks will return to bonds
-
-
A rally in US Treasuries over the summer will be attractive to EM issuers
-
Central American supra has cut interest rates on loans to its members as it has gradually reduced its own cost of funding
-
Ghanaian cocoa firm has raised a syndicated loan every year for 30 years
-
The country caught investors by surprise with a statement about principal haircuts
-
The market disagrees with Ethiopia's restructuring plan and how it communicates it
-
CIH Bank’s share price has risen throughout the five-week subscription period on non-underwritten deal
-
Continuing war means Israel will pay higher premiums in 2025, warned one fund manager
-
Volumes may be back to normal, but they're the only bit of the asset class that is
-
Homogeneous CEEMEA issuance 'horrible' for some while others are hopeful
-
ESG presents a huge challenge to Asian issuers, but sustainability-linked bonds are primed to take a bigger role
-
Countries in the region are branching out from the euro market after years of low rates at home
-
Domestic investors have kept Turkey's IPO market alive in a quiet August for global ECM
-
Investors do not expect the sovereign will come to the Eurobond market any time soon
-
CEE trade could include the first social Samurai from any sovereign
-
When markets fall out of bed, the best investment bankers still look like they sleep easy
-
South African private equity owner of Virgin Active and New Look gives itself flexibility to wait for right time to exit its portfolio assets in sell-downs and IPOs
-
West African development bank has sold two private hybrid bonds and is planning a public deal
-
◆ Issuers and investors look for clues after violent price swings ◆ Which borrowers will lead autumn deal spree ◆ How pricing has shifted in primary market
-
Volatility this week will not deter market reopening but may impair an already ‘thin and fragile’ IPO pipeline
-
Some borrowers may accelerate bond plans, while others may have to hold fire
-
The government has scraped together enough funding to get by, but some analysts still see chance of ‘messy’ crisis
-
Seven IPOs expected in Middle East from September while South African issuance to be more gradual
-
Earnings have been ‘mixed’ but investors expect supply to keep coming
-
Almost a third of Peruvian miner’s bondholders pledged to support deal to clear short-term debt
-
Observers had tipped the pair to issue Eurobonds this year, but yields are too high
-
Oversubscribed sale bodes well for the retail group's IPO of Boxer, seeking to raise R6bn-R8bn by end of the year
-
US Treasury yields slumped following Friday's lower than expected US jobs numbers
-
◆ First eurozone government sells bond on distributed ledger ◆ The rate cutting wheel turns faster
-
Sovereign's first hard currency bond sale in three years won enthusiastic reception
-
Bigger, more frequent issuance predicted to follow CEE issuer's inaugural deal
-
The market has expected a new bond from Nigeria all year, but yields are high
-
FIG issuers lead the way offshore, but attractive domestic debt markets to keep dollar volumes contained
-
Any hawkish tilt from the Fed could prompt volatility
-
China is a major creditor, but observers hope that may not be as big a problem as elsewhere
-
Total for first half is more than all of 2023 inflows
-
Orders exceed $5.5bn for sovereign’s dual tranche deal, while Chile plots social bonds
-
To insist that bankers only pursue jumbo deals is akin to asking traders to only buy stocks that go up
-
Distributed ledger bonds claimed to speed up bond issuance and make it cheaper
-
Steel company won rating upgrade at the end of last week
-
Investors sceptical on likelihood of political change despite promising polls but some see chance of normalisation — whatever the result
-
◆ Ukraine restructures $20bn of bonds ◆ Excitement in digital bonds ◆ Is UK water going down the plughole?
-
When and how Ukraine will regain this market access is highly uncertain
-
Higher economic growth does not automatically mean sovereigns can pay more on their debt
-
◆ New legislation will drive supply ◆ Covered bonds become a crucial part of Polish funding mix ◆ Up to €1bn of fresh paper expected this year
-
Saudi tipped to be a hot spot for loans in the fourth quarter
-
The government has been stung by uncapped payments to warrant holders
-
Innovation, strong execution and supply dearth benefit Indian issuers
-
Chilean state-owned oil name offers no concession as Murano, ATP line up for Thursday
-
Investors dislike the lower transparency and liquidity inherent in private placements
-
Deal brought to market with zero NIP after 'continual demand'
-
African sovereign is an infrequent visitor to the international bond market
-
Volumes in the region returned to pandemic levels this month
-
Low cost of funding and consistency in Turkey win ENBD fans
-
State-owned oil and gas company is looking to repurchase bonds maturing in 2026 and 2031
-
Despite the end of a debt standstill looming, talks in June failed to reach a deal
-
◆ UN circles banks on circular economy ◆ Topping out on Turkey ◆ CLOs: summer recess or summer resets?
-
Borrowers sold nearly $7bn of new bonds just this week, but next week will be much quieter
-
Gas pipeline operator's bond market return was over three times oversubscribed as investors shook off previous sensitivities on price
-
Issuance volumes dwarf any previous year-to-date figure on record
-
Deal marks 'significant evolution' of the UK’s Islamic finance market but regulatory improvements are required
Sub-sections
-
-
Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
-
-