
Energy, Mining & Utilities

Belarus presidential elections worry investors; central bank’s independence under threat again- Russia, CIS and CEE Weekly Comment
Newly issued Belarusian sovereign Eurobonds continue to trade with wide spreads on mounting investor concerns ahead of the 9 August presidential elections. A peaceful transition of power in the style of the 2018 Armenian ‘Velvet revolution’ is the most desirable but nearly impossible outcome for the country which has been under the strong grip of Aliaksandr Lukashenka for the last 26 years, agreed most of the experts polled by Debtwire.
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Turkey's Energy Fund falters as operational turnaround urgency grows
With few signs that a financial fix for Turkey’s debt-laden energy sector – proposed by the government earlier this year – is any closer to materialising, concern is mounting that not enough is being done to achieve an urgently needed operational turnaround in the industry, several market participants told Debtwire.
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Uzbekneftegaz debut Eurobond likely due in late 2020
Uzbekneftegaz’s debut Eurobond is likely to come to market in the latter half of 2020, according to two sources familiar with the company.
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Ukraine's political uncertainty to live past presidential elections as maturity wall looms
As Ukraine’s tightly contested presidential race enters its last stretch this week, policy uncertainty is expected to dominate until a very likely second round of elections in April, if not until the October parliamentary polls, market participants told Debtwire. This uncertainty spells bad news for a country reliant on external funding to make USD 20bn in sovereign and quasi-sovereign debt repayments between 2019 and 2021, they said.
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EM bonds under renewed pressure, MENA spreads widen on oil price collapse, Russian Eurobond market turns illiquid
CEEMEA bonds were under pressure again, with a plunging oil price prompting a mid-week sell off before prices settled down as US market participants celebrated Thanksgiving. In the Middle East, spreads widened on the oil market collapse, and liquidity worsened in the CIS/Russian Eurobond market, according to an UAE-based asset manager, a Moscow-based analyst and a London-based trader.
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Oil collapse pummels GCC credit, Lebanon CDS spikes on political deadlock
This week’s collapse in oil prices has sent shockwaves across the GCC credit space, said two UAE-based asset managers and a London-based banker. Both WTI and Brent crude hit a three-year low on Tuesday (13 November), and although prices had stabilised by Thursday, a negative mood has set in, they said.
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Mozambique bond restructuring proposal seen as step forward but implementation questions remain
The Government of Mozambique’s proposal to restructure its 10.5% 2023 sovereign bonds, submitted today (6 November), is an important step toward reaching a final agreement, according to four market participants. However, questions remain regarding the timeline for implementation, the possibility holdout creditors may drag their feet, and the likely net present value (NPV) recovery rate.
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North America Oil & Gas Sector Review
Take a look at Debtwire's data on the oil & gas sector, featuring restructuring trends, data on debtor-in-possession loans as well as rights offerings, advisory mandates, legal analyses, financial research and more. Click to view this comprehensive 140+ page review of the oil & gas industry.
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Dana Gas webinar replay – A threat to Islamic debt structures’ legitimacy or delaying tactic?
On 5 July, Debtwire held an online discussion on Dana Gas, focusing on its upcoming restructuring, financial position, possible upside from arbitration rulings and Islamic Finance Issues.
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European restructurings to hit their next peak in 2017
European restructurings are to hit their next peak 2017, according to Debtwire's 13th edition of the European Distressed Debt Market Outlook.
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In conversation with Daniel Judenhahn about the Scholz takeover
Daniel is leading the debt & capital advisory business within PwC's transaction and restructuring practice in Germany. He advises corporates,creditors and investors in raising, refinancing and restructuring capital in takeover and special situations. He talks to Adelene Lee at the Debtwire Germany Forum about PwC's role in the Scholz takeover.
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Case Study: Takeover & Restructuring of Scholz Group by Chiho-Tiande Group
Watch Chiho-Tiande Group Limited, PwC and Latham & Watkins talk at the Debtwire Germany Forum about the ins and outs of the recent Scholz deal
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In this podcast, Kate Marino, Deputy Editor at Debtwire North America, highlights some landmarks in the recent history of this power generation company.
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