Romania placed its lowest yielding 10-year bond ever in early April, and the sovereign was rewarded for holding off from printing immediately after its mid-February budget.
Capital Markets
Islamic finance volumes fell off a cliff last year, but bankers are predicting a substantial increase in activity as more sovereigns from major Islamic finance hubs are turning to the international markets.
Sovereigns in the Middle East and Africa need to diversify their funding sources to replace their lost commodity revenues, and some may turn to Islamic finance in 2017.
The banking system in Cyprus was plunged into chaos at the beginning of the decade, but heavy restructuring and aggressively tackling non-performing loans is helping lead the country’s lenders out of the wilderness.