The emirate is looking to raise billions of dollars to build infrastructure ahead of the 2020 World Expo
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Bank of Sharjah is marketing a new US dollar bond, and the issuer will likely have to field tricky questions on one of its major shareholders after Standard & Poor’s slashed the Emirate of Sharjah’s rating by two notches at the end of January.
After recovering from civil war, Côte d’Ivoire had been a bright spot amid growing gloom in Sub-Saharan Africa
Qatar came bursting back onto the bond market at the end of May with a US$9bn triple tranche trade, with a deal that looks set to kick-start more issuance from the country.
Latvia made a roaring return to the bond markets this week, stretching out its maturity profile to print a €650m May 2036 bond at close to its tightest ever spreads.
The rapid rise in hard currency public sector debt in emerging market countries is combining with the weakening of EM currencies to create substantial economic and credit rating risks, Fitch has warned.
Angola’s balance of payments crisis has worsened, even as the oil price begins to rebound, and the government has turned to the International Monetary Fund to help shore up its stricken public finances.
Saudi Arabia’s Vision 2030 paves the way for a country more reliant on investments than on oil exports.
The revelation that Mozambique had not disclosed US$1bn of debt underscores the governance challenges in Sub-Saharan Africa that are undermining investor confidence amid a commodity and currency rout.
With oil prices remaining low, a recent report by Moody’s suggest the banks are feeling the strain.
The French water company Veolia has its eyes on the Middle East, with various new projects in the pipeline designed to help combat climate change.