by Amruth Sundarkumar | Feb 23, 2022 | Sovereign Bonds, Sovereigns
US President Joe Biden launched a fresh salvo of sanctions on Russia, calling that latter’s move into eastern Ukraine as “beginning of an invasion”. Biden announced measures targeting two of Russia’s largest financial institutions, VEB and...
by Amruth Sundarkumar | Feb 22, 2022 | Sovereign Bonds, Sovereigns
Russian President Vladimir Putin, following a meeting with his Security Council, declared independent, two separatist eastern Ukraine regions, Donetsk and Luhansk. The declaration by Russia allows them to sign treaties with the separatist regions and openly send...
by Amruth Sundarkumar | Feb 21, 2022 | Sovereign Bonds, Sovereigns
In a last ditch effort towards diplomacy, French President Emmanuel Macron proposed to hold a summit for US and Russian leaders. As per a statement from France, Biden and Putin have “accepted the principle” of a summit on the condition that Russia does not...
by Amruth Sundarkumar | Feb 21, 2022 | Sovereign Bonds
Singapore is set to issue its first sovereign green bond as part of an environment-focused financing plan to issue up to S$35bn ($26bn) in green bonds by 2030 to fund public sector green infrastructure projects.. In 2021, Singapore announced plans to raise S$19bn in...
by Amruth Sundarkumar | Feb 18, 2022 | Sovereign Bonds, Sovereigns
The Argentinian central bank raised benchmark rates by 250bp to 42.5% on Thursday, the second hike this year to align with IMF’s call for rates to exceed the Latin American nation’s inflation that is currently at 51%. This comes amid talks between...
by Amruth Sundarkumar | Feb 17, 2022 | Sovereign Bonds, Sovereigns
Sri Lanka’s dollar bonds inched higher by ~2% after news that Finance Minister Basil Rajapaksa would be visiting India in a fortnight to formalize an economic relief package amid depleting forex reserves and food shortages. Sri Lanka has already been in talks with...
