Topic - Sovereign Advisory
Fitch: Ghana faces "loss of fiscal control"
Ratings agency says curbing the deficit is no longer enough to restore confidence.
Egypt agrees IMF deal
A US$4.8bn agreement with the IMF should set Egypt on the path to growth, providing long-term instability can be avoided.
Cote d’Ivoire in US$187mn issuance
Cote d’Ivoire has issued a new tranche of eurobonds as part of a debt restructuring deal with two of its creditors.
The government will also make US$89mn in payments on three coupons over the next two years.
This show of cooperation will go some way to regaining investor confidence after a rocky few years.
"In terms of credibility and external perception, it is a positive step forward," says Standard Bank strategist Samir Gadio.
Kazakhstan launches "people’s IPO"
US$186mn offering of shares in KazTransOil to open next week.
Bank of America Merrill Lynch: Hakim Karoui / Wadih Boueiz
Bank names DCM and SWF bosses as co-heads for MENA investment banking.
Mixed results for Bahrain SWF
Mumtalakat CEO praises "robust financial performance" despite widening losses.
New CEO at Bahrain sovereign fund
Former deputy CEO takes top post following Al Zain’s resignation.
Temasek hires UBS CFO
John Cryan joins Singaporean investment firm as European president.
New chairman at Samruk-Kazyna
Deputy prime minister takes role at Kazakh sovereign fund.
Angola receives US$350mn
IMF releases next tranche of stand-by arrangement funds.
Jordan chooses banks for bond issue
JP Morgan, HSBC and Credit Suisse reported to be selected.
Poland issues update on privatisation plans
Treasury raised almost PLN7bn through deals in 2009.
SWFs face effects of the crisis
The financial downturn could lead to some unexpected consequences for sovereign wealth funds, according to a new report.
