by Amruth Sundarkumar | Nov 28, 2022 | Sovereign Bonds, Sovereigns
Turkey is said to be in the final stages of talks with Qatar for up to $10bn in funding via a swap, eurobond or any other method, as per sources. Of this amount, up to $3bn in funding could take place by end-2022. A source said that the an “amount of $8 billion...
by Amruth Sundarkumar | Nov 28, 2022 | Sovereign Bonds, Sovereigns
Pakistan is set to repay its $1bn 5.625% bond due December 5, three days before its due date, the nation’s central bank governor Jameel Ahmad said. The bond is currently trading at 97.1 cents on the dollar. He added that funding has been lined up from...
by Amruth Sundarkumar | Nov 28, 2022 | Credit Ratings, Sovereign Bonds, Sovereigns
Oman was upgraded to BB from BB- by S&P upon the nation’s fiscal and external positions “benefiting from government reforms and higher oil prices”. The government has reduced reliance on oil receipts to its budget, inline with its medium-term...
by Amruth Sundarkumar | Nov 25, 2022 | Sovereign Bonds, Sovereigns
Ghana’s Deputy Minister of Finance John Kumah has proposed to ask its international bondholders to look at a 30% haircut on the principal and forgo some interest payments as part of its debt-sustainability plan to secure a $3bn IMF loan. It will also ask...
by Amruth Sundarkumar | Nov 23, 2022 | Sovereign Bonds, Sovereigns
Sri Lanka has postponed its debt restructuring talks until after central bank and treasury officials clarify concerns of the international creditors. The talks were initially expected to be held last Thursday, and no new dates for the talks have been decided yet. Sri...
by Amruth Sundarkumar | Nov 23, 2022 | Sovereign Bonds, Sovereigns
Dollar bonds of Nigeria have moved higher across the curve in November (see chart above). Its 2025s have moved over 5% higher since the beginning of the month whereas its 2031s and 2049s have rallied over 15% MTD. While there is no specific news on the sovereign,...
