Zambia faced a day of reckoning on Monday, as it returned to the international debt markets 18 months after its debut Eurobond issue became emblematic of an overextended rally across emerging market credits.
The majority of Russian corporates will be able to manage their exposure to foreign currency debt thanks to their sizeable cash balances, export revenues and access to local financing, Moody’s said on Friday.
Greece has raised €3bn through a five-year bond issued at the reoffer price of 99.133 to yield 4.95%, according to one of the lead managers.
- Zambia pays up in market return
- Damac gives Dubai real estate extra appeal
- Slovenia launches €2bn two-part bond
- Gulf Keystone to test debt investors' risk appetite
- Hungary puts EM's best foot forward
- Slovenia eyes euro return
- Hungary opens books on dual-tranche US dollar bond