Cypriot banks claw back from the brink

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.

Islamic Finance: Tipped to bounce back

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.

CEE & CIS news

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.

Africa news

Nigeria made a barn-storming return to the US dollar bond market when it defied expectations and shaky fundamentals to print below 8% yield on a book that almost hit US$8bn.

Multilaterals news

World Bank president Jim Yong Kim sets out a radical agenda for his second term that will move it away from direct funding towards de-risking projects in Africa to make them more attractive to private capital.

Project finance news

DONG Energy pushes forward with plans to add a further 5GW of offshore wind capacity to its portfolio by 2025 with major project awards in Germany.