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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
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The city of Moscow is set to issue green bonds within the week, following the sovereign’s return to the Eurobond market on Thursday. The issuer is seeking foreign investor interest in its rouble-denominated green debut.
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ONGC Videsh (OVL), the overseas business unit of Indian state-owned Oil and Natural Gas Corp, is plotting a new dollar loan to refinance a looming bond maturity.
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Citi has picked global head of trade Ebru Pakcan to be its new head of EMEA emerging market coverage.
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Russia launched its first international bond of the year on Thursday, which some have labelled as a show of strength by the sanction-hit country. Market participants are now debating which investors will end up buying the trade.
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Indonesian multi-finance companies are continuing to favour club loans over syndicated deals, with Federal International Finance becoming the latest firm to use this route for its fundraising. Pan Yue reports.
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Freeport Indonesia is inviting banks to join the senior syndication stage of its $750m borrowing.