The credit crunch, fuelled by illiquid markets and general fear across the finance industry, has had its impact on the EMEA region. But pessimism does not blanket the entire market as emeafinance discovered when it questioned some of EMEA’s leading buy side investors. On the contrary, the slowdown has provided time to evaluate deals and countries. Some governments are addressing fiscal imbalances and where necessary, high inflation.
Garanti Bank sold the first gender-linked bond from an emerging market issuer this year, and the Turkish bank is optimistic that the popularity of the socially conscious financing tool is due to grow.
Russia’s PIK Group has plans to ramp up capital markets activity in the coming years, as the firm announces a consolidation of its shareholder structure with company president Sergei Gordeev buying out two minority holders.
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.