by Amruth Sundarkumar | Oct 25, 2021 | Sovereign Bonds, Sovereigns
Brazil’s dollar bonds dipped on Friday amid signals from the economy minister and president that the government will breach its fiscal ceiling to boost welfare spending. This caused the resignation of four senior Treasury officials. The real fell as much as 1.1%...
by Amruth Sundarkumar | Oct 15, 2021 | Sovereign Bonds, Sovereigns
Turkish President Erdogan fired two Deputy Governors, Semih Tumen and Ugur Namik Kucuk, and another monetary policy member Abdullah Yavas after meeting central bank chief Sahap Kavcioglu. Bloomberg reports that the three members were opposed to his calls for lower...
by Amruth Sundarkumar | Oct 12, 2021 | Sovereign Bonds
The Sri Lankan central bank on Monday said that it has scrapped plans to buy back $1.5mn of its dollar sovereign bonds given the tepid interest from bondholders at the current discounted prices. The central bank said, “It is clear that the large majority of ISB...
by Amruth Sundarkumar | Oct 4, 2021 | Sovereign Bonds
China plans to issue $4bn of sovereign bonds to institutional investors on October 19 as per a statement seen on the Ministry of Finance’s website by IFR. The bond issuance would contain four tranches that include a 3Y, 5Y, 10Y and 30Y with no other details were...
by Amruth Sundarkumar | Oct 4, 2021 | Sovereign Bonds
UAE is set to market its first dollar bond as a federation this week. Bonds have typically been issued by UAE’s emirate states like Abu Dhabi, Dubai and Sharjah but the government issued a law in 2018 permitting the federal government to begin issuing sovereign...
by Amruth Sundarkumar | Sep 30, 2021 | Sovereign Bonds
The Bahamas saw some of its dollar bonds trade weaker on Wednesday with its 7.125% 2038s leading the fall, dropping ~7.5 points to 86.9 before recovering slightly this morning to 89.4 yielding 8.32%. While the reason for the sell-off is not clear, it comes after noted...
