Debt

Month:

Deals analysis

  • Asset managers call for RMB market standard

    16 May 2013

    Asset managers are growing concerned about the proportion of unrated bonds in the offshore RMB bond market as well as new credit enhancement structures. Here's why

  • Chile’s first cross-border peso bond explained

    16 May 2013

    The first cross-border, local-currency bond by a Chilean corporate shows how LatAm issuers can benefit from the long-tenors available in the international markets, without currency risk

  • How to issue African debt

    16 May 2013

    Africa’s debt capital markets offer both high yields and safety from western market volatility, according to panelists at this week’s IFLR Africa Forum. Here’s how foreign investors can best tap opportunities in this expanding market

  • Turkey’s first non-ijara sukuk dissected

    13 May 2013

    Turkiye Finans has become the first company to issue a non-ijara sukuk out of Turkey. It paves the way for more hybrid structures, and a wider variety of Turkish sukuk issuers

  • CGIF-wrapped bond to spark Asean local currency market

    07 May 2013

    Noble Group's baht-denominated bond issue is the first fully guaranteed by a wrap from CGIF, a trust fund of ADB

  • Breakthrough sukuk opens new funding vistas in GCC

    02 May 2013

    Al Bayan Group has become the first Saudi company to tap the Malaysian capital markets, establishing a RM 1 billion Malaysian ringgit sukuk programme.

  • New short-term sukuk market to boost liquidity

    29 April 2013

    The establishment of IILM's short-term sukuk programme gives shariah-compliant financial institutions an new option for liquidity management

  • CoCos: investor preferences assessed

    18 April 2013

    With contingent convertibles set to be a key capital instrument of the future, it’s crucial for investors to understand what to focus on when assessing different features

  • India credit enhancement first analysed - updated

    15 April 2013

    A bond issued by Indian wind turbine manufacturer Suzlon Energy’s wholly-owned subsidiary AE-Rotor Holding represents the first credit-enhanced US dollar bond out of India

  • What's next for China's offshore RMB market

    10 April 2013

    China Minmetals has issued the largest single-tranche offshore renminbi bond among state-approved issuers. Here’s how these issuances have evolved

  • Indonesia high-yield covenant trends explained

    03 April 2013

    International investors are growing increasingly comfortable with Indonesian credits, prompting repeat issuers to loosen covenants. Local lawyers counsel predict this trend will continue

  • Vitro reorganisation prompts new clause in debt offerings

    14 March 2013

    The restructuring proceedings of Mexican glassmaker Vitro concluded with an unusual settlement agreement last week. Counsel have responded by clarifying the rights of creditor subsidiaries in new debt instruments

  • Revealed: the structure behind Commerzbank's covered bond

    21 February 2013

    Commerzbank's innovative new funding instrument marks the first time a covered bond-securitisation hybrid has been structured in the German market. IFLR spoke to the key firms involved to find out exactly how it was done

  • Fage Dairy: The bond documentation that de-risks the eurozone

    14 February 2013

    Fage Dairy's bond offering has inspired a financing template that aims to protect investors from eurozone investment risk. IFLR explains the deal's key innovations

  • Thai amortizing bond reveals post-Basel III plans

    10 January 2013

    To encourage debt capital markets innovation in Thailand, its Ministry of Finance issued a THB30 billion 25-year amortizing bond in December. Here’s why it matters

  • Mongolia sovereign bond first explained

    19 December 2012

    The government of Mongolia’s recent Regulation S/Rule 144A debt offering marked the first time the country has tapped the sovereign bond market

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