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.
Capital Markets
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.
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.
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.
The Abraaj Group, a leading investor in growth markets, is looking towards opportunities in North Africa, as its investment in the consumer goods company makes clear.
The development bank's new director for Turkey on efforts to develop the country's capital markets.
Republic's 12-year euro issuance this week attracted orders of €1.7bn.
Omani bank’s board gives green light to transaction; news follows regulatory approval of tier 1 issuance.
The finance boss continues to keep a careful eye on cash after moving the company's stock market listing from London back home to Dubai.