by Amruth Sundarkumar | Nov 10, 2022 | Sovereign Bonds, Sovereigns
Dollar bonds on Kenya rose by over 2-3 points yesterday after the IMF reached a staff-level agreement to release $433mn of funding for the nation. Once IMF’s review is formally completed, and approved, the IMF would provide $1.55bn in order for Kenya to “cover...
by Amruth Sundarkumar | Nov 9, 2022 | Sovereign Bonds, Sovereigns
Pakistan’s dollar bonds rallied by over 4 points across the curve as the nation secured ~$13bn in additional financial aid from its China and Saudi Arabia, as per its Finance Minister Ishaq Dar. He said that Pakistan is set to receive ~$9bn from China and $4bn...
by Amruth Sundarkumar | Nov 8, 2022 | Sovereign Bonds
El Salvador’s Vice President Felix Ulloa said that the nation received an offer from China to buy all of its debt whilst also noting that they ” need to tread carefully”. He did not reveal further details on how the transaction might be conducted....
by Amruth Sundarkumar | Nov 4, 2022 | Sovereign Bonds, Sovereigns
Three of Sri Lanka’s dollar bonds were downgraded to D from CC after the government missed interest payments due on September 14 and 28. The bonds in question are its $1bn 6.85% 2024s, $1.4bn 7.85% 2029s and $1.5bn 7.55% 2030s. S&P said that Sri...
by Amruth Sundarkumar | Oct 31, 2022 | Sovereign Bonds, Sovereigns
Argentina’s Economy Minister Sergio Massa said that the country has reached an agreement with the Paris Club regarding $2bn of its outstanding debts. This agreement would help Argentinian firms to access credit from European institutions, he said. As per a...
by Amruth Sundarkumar | Oct 31, 2022 | Sovereign Bonds, Sovereigns
Ghana’s President Nana Akufo-Addo ruled out debt haircuts as part of negotiations for a ~$3bn support package of from the IMF. Ghana has been in talks with the IMF since July for a three-year extended credit facility (ECF) program and was said to be seeking...
