Tags » Sovereign Bonds

Foreign bond investors get access to $16 bn of additional debt in India

The trend of steady improvement in corporate earnings growth seems to be losing steam, with the combined net profit of India’s top 50 companies, which are part of the NSE Nifty50 index, estimated to grow by 10.9 per cent year-on-year (YoY) during the January-March 2018 quarter, down from the 11.5 per cent YoY growth clocked in the third quarter and 40.5 per cent growth during the year-ago quarter. 856 more words

Private creditors to sovereigns are increasingly political actors

Sovereigns have long relied on private credit, the Fugger, Medici, and Rothschild families are only some of the best known historical examples. The Middle Age and Renaissance-era sovereigns tapping them for funds most frequently did so to fund their wars, or to use von Clausewitz’s famous phrase, to exercise politics (and policy) by other means. 1,431 more words

Hot-Takes

Expulsions don't affect Nord Stream 2 sign-off, but might debt sanctions?

 The past week has seen much hyperbole over Russia’s foreign relations being at their post-Cold War nadir, with more than 120 diplomats now expelled from more than two dozen countries in response to the poisoning of ex-double agent Sergei Skripal and his daughter in Salisbury, England, on 4 March. 1,105 more words

Hot-Takes

6 Months after Tajik Eurobond debut, ADB says too indebted for more loans

In September 2017, Tajikistan sold US$500m worth of Eurobonds, having received a sovereign credit rating of of B3/B-, six levels into junk territory, from S&P… 729 more words

Hot-Takes

Review: Takahashi Korekiyo, Japan's Keynes

I just finished Richard Smethurst’s From Foot Soldier to Finance Minister: Takahashi Korekiyo and am left far richer for having read it, if at times it was a slow read, given my lack of previous knowledge of feudal politics around the Meiji Restoration and government formation in early 20th century Japan. 774 more words

Sovereign Bonds

British banter or brewing bond ban?

On 23 March 2018 Conservative MP Tom Tugendhat suggested in debate at Westminster that the United Kingdom ban Russia from selling its debts in the country. 551 more words

Hot-Takes