IRFC Pulls Dollar Bond Sale

IRFC Pulls Dollar Bond Sale

Indian state-owned corporate Indian Railway Finance Corp (IRFC) announced last night that it will be postponing its proposed dollar 5Y/10.5Y bond issuance. As per IFR, the management decided to postpone the issuance on subdued interest from investors and said that it...

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EM Sovereign Dollar Bonds Fall

EM Sovereign Dollar Bonds Fall

The longer dated bonds of the some emerging market sovereigns slipped by 1.5-3 points on Monday. This comes at a time when Treasury yields have been on a climb on increasing inflation expectations, rising from 0.93% at the start of the year to the current levels of...

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Sri Lanka Relying on Cap Controls & China Over IMF

Sri Lanka Relying on Cap Controls & China Over IMF

The Sri Lanka sovereign has imposed some capital controls and import restrictions to partly end reliance on the IMF. The nation has about $3.7bn of foreign debt maturing this year and has been tapping non-debt avenues to build its FX reserve buffer. They have already...

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