China’s One Belt One Road project will strengthen the country’s links with the EMEA region through infrastructure development and economic co-operation. Liz Salecka examines the investment and trade opportunities being created in this multi-trillion dollar mega-project.
EMEA Finance interview Aygen Yayikoglu, managing partner of private equity firm Crescent Capital
The CEEMEA syndicated loan market is in a period of stasis, with not enough M&A activity to satiate bankers’ needs and the latest rounds of refinancing running dry, but there is some evidence that the pipeline is beginning to fill up again after a dreary start to the year.
The number of green bonds issued has soared this decade with some estimates putting the amount outstanding at US$200bn, but the market still lacks regulatory coherency and adoption of the product in emerging Europe is some way behind peers.
International Bank of Azerbaijan (IBA) became the country’s largest and most visible casualty of sustained low Brent crude prices when it agreed a US$3.3bn debt restructuring in August, and the state-owned bank’s flirtation with default has sent shockwaves through the country’s economy.