Refine by sector
Latest in Sri Lanka

Sri Lanka's restructuring is off to a rocky start

Amid the ongoing market rout and a worsening economic crisis at home, Sri Lanka’s eurobonds have continued to plummet to below 33 cents on the dollar, excluding the 22s, 25s, 26s (more on this later). We maintain our Hold recommendation for Sri Lanka...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 1 July 2022
Sri Lanka's restructuring is off to a rocky start
Sri Lanka's restructuring is off to a rocky start
Global Themes / Global

What investors are thinking: Takeaways from our UK roadshow

We held a series of client meetings in London over the past fortnight, seeing over 20 clients, consisting of a mix of fixed income and equity investors in EM and Frontiers, Africa specialists, and special situations and distress funds. The meetings t...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 30 June 2022
What investors are thinking: Takeaways from our UK roadshow
What investors are thinking: Takeaways from our UK roadshow

EM credit sell-off unlocks pockets of value, but more pain could be in store

It has been a difficult month for markets with global stocks and bonds plummeting in tandem – the S&P 500 is down 11.1% and the 10-year US bond yields up 38bps in the month through 17 June. However, weaker fundamentals post-Covid (with higher debt bu...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 20 June 2022
EM credit sell-off unlocks pockets of value, but more pain could be in store
EM credit sell-off unlocks pockets of value, but more pain could be in store

Rising interest rates are compounding fiscal risks in Africa

The USD has kicked off the new week on the back foot after the Fed’s Mester said on Sunday that the risk of a recession in the US economy is increasing. The Ghanaian government is relying on measures such as an electronic tax level of 1.5% to generat...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 20 June 2022

Sri Lanka: Worsening political crisis will delay restructuring

Sri Lanka’s political crisis has worsened in recent days, with rising anger against the Rajapaksa family prompting Prime Minister Mahinda Rajapaksa to resign on Monday. Mahinda’s resignation is unlikely to placate protestors, who are calling for the ...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 11 May 2022
Sri Lanka: Worsening political crisis will delay restructuring
Sri Lanka: Worsening political crisis will delay restructuring

Reserves are approaching rock bottom in Ethiopia and Sri Lanka

Rapidly diminishing reserves have grabbed headlines in both Ethiopia and Sri Lanka this week. Even the US$1.9bn gross figure equates to just 1 month of trailing goods and services imports, and is dwarfed by the US$5.8bn of external principal payments...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 5 May 2022
Reserves are approaching rock bottom in Ethiopia and Sri Lanka
Reserves are approaching rock bottom in Ethiopia and Sri Lanka