Moroccan phosphate producer OCP (BBB–/BBB–) made an ambitious debut in the international capital markets on Thursday, raising US$1.55bn in a deal that appealed to both emerging market and investment-grade buyers.
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 prices €3bn five-year bond at 99.133 to yield 4.95%
- 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