by Amruth Sundarkumar | Jan 25, 2023 | Sovereign Bonds, Sovereigns
Ghana’s terms of restructuring for its local bonds is said to be favoring domestic creditors over its offshore creditors. Ghana commercial banks agreed to the government’s proposal of a 5% coupon payment in a domestic debt swap program and also agreed on a...
by Amruth Sundarkumar | Jan 25, 2023 | Sovereign Bonds, Sovereigns
Ecuador’s dollar bonds dropped by as much as 2 points across the curve. While the reason for the move was not clear, its bonds have continued its uptrend since the news came out in October that the government planned to buyback its bonds. Since October, its...
by Amruth Sundarkumar | Jan 19, 2023 | Sovereign Bonds, Sovereigns
El Salvador’s dollar bonds jumped over 3 points higher. While the reason for the move was not clear, its bonds have continued its uptrend ever since its congress approved a law that allowed the country to raise funds via the world’s first sovereign...
by Amruth Sundarkumar | Jan 19, 2023 | Sovereign Bonds, Sovereigns
Argentina’s dollar bonds were higher by over 1 point across the curve after the nation said it planned to repurchase about $1bn of debt. Their Economy Minister Sergio Massa said that they plan to buy some of its 2029s and 2030s. Bloomberg cites sources noting...
by Amruth Sundarkumar | Jan 19, 2023 | Sovereign Bonds, Sovereigns
Dollar bonds of Egypt rallied by 1-2 points yesterday. The nation’s central bank said that it received more than $925mn in forex exchange inflows since January 11, calling it a “positive” indicators in the midst of its third devaluation in a year. The...
by Amruth Sundarkumar | Jan 12, 2023 | Sovereign Bonds, Sovereigns
Pakistan has secured over $9bn in pledges from international lenders and governments after a donors conference to help the nation in recovering from the massive floods it faced last year. The Prime Minister said that pledges of $4.2bn from the Islamic Development...
