by Amruth Sundarkumar | Jun 17, 2021 | Sovereigns
Brazil raised its benchmark interest rate by 75bp for the third consecutive time and will potentially consider further increases as forecasted inflation surges despite aggressive monetary tightening this year. On Wednesday, the central bank lifted the Selic to 4.25%...
by Amruth Sundarkumar | Jun 15, 2021 | Sovereigns
Turkey has hired bankers for a 5Y dollar Sukuk according to a document seen by Reuters. The banks hired are Dubai Islamic Bank, Emirates NBD Capital, HSBC and Standard Chartered. Separately, Turkish President Erdoğan said that Turkey’s central bank agreed to...
by bondevalue | Apr 23, 2021 | Credit Ratings, Sovereigns
Taiwan’s long-term issuer rating has been upgraded to AA from AA- with a positive outlook by S&P prompted by the nation’s effective response to the ongoing pandemic, strong net external asset position and competitive private sector enabled economic...
by bondevalue | Apr 23, 2021 | Investment Grade Bonds, Sovereigns
Abu Dhabi is considering the sale of ~10% of its state-owned utility Abu Dhabi National Energy Co., as it continues efforts to attract foreign capital by selling stakes in some of its flagship assets. TAQA (Arabic for Energy) is one of Abu Dhabi’s flagship...
by bondevalue | Apr 6, 2021 | Sovereigns
UAE is planning to provide a stimulus of $8.2bn to its industrial sector. According to Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (UAE), and ruler of the Emirate of Dubai, the Emirates Development Bank (EDB)...
by bondevalue | Apr 5, 2021 | Sovereign Bonds, Sovereigns
The Sultanate of Oman borrowed $1.56bn from its sovereign fund, Oman Investment Authority and $4.6bn from other sources (external and internal) to partly finance its 2021 budget, the finance ministry said in its March fiscal performance report. The total borrowing of...
