October-November 2017

Cover story: One belt one road

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.

Lenders hold nerve in volume vacuum

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.

Azerbaijan looks beyond the black

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.

Turkish Ipo’s back on trend

Turkey’s once shining initial public offering market has been dimmed by the lira’s shaky performance and domestic security worries, but the largest share sale in years from Mavi has prompted hops that the country’s equities market is back on track.