Bankers covering emerging Europe, the Middle East and Africa are optimistic the region is in relatively good shape to withstand the growing financial pressures facing its debt capital markets and that the recent sell-off is overdone.
No new deal has priced out of the region since the Republic of Serbia's $1 billion, 10-year transaction launched on September 21. That bond is now trading at 91.5 having been re-offered at 98.263 on the day of its launch.
Namibia was considering issuing its debut Eurobond this week but that deal has been delayed thanks to continued weakening of global markets.
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