Egypt to Sell Debut Sukuk in Q2
Egypt has planned its debut sale of a sovereign sukuk to the tune of around $2bn, according to sources. It has hired banks like HSBC, Citigroup, Abu Dhabi Islamic Bank, Credit Agricole, Emirates NBD and First Abu Dhabi Bank to manage the sale. Sources note that the...
Ecuador Bonds Rally As Oil Prices Increase
Ecuador´s bonds rallied this month, outperforming its Emerging Markets peers. As per Bloomberg data, Ecuador’s dollar bonds are up 6.4% YTD on average, as compared to the EM with an average loss of 4.2%. The price increase is due to a 23% rise in oil prices and...
US Launches Salvo of Sanctions on Russia due to Potential Ukraine Invasion
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...
Russia Declares 2 Independent Separatist Eastern Ukraine Regions; US Imposes Sanctions on Ukraine Regions
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...
