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ING

Regular

posted 26 Jun 2009 in Volume 12 Issue 8

Omni Bridgway

Emerging market debt pricing

African hyper-exotics

Country / Issue

Price Range

 

Angola / Trade

43.000%

48.000%

Angola / Loans

48.000%

51.000%

Cameroon / Trade

8.000%

13.000%

Congo / Bond

26.000%

29.000% ↑

Congo / Trade

7.000%

11.000%

DR Congo / Loans, Trade

4.000%

7.000%

Ghana / Trade

62.000%

66.000%

Ivory Coast / PDI

24.000%

28.000% ↑

Kenya / Trade

31.000%

41.000%

Mozambique / Trade

14.000%

20.000%

Nigeria / Pns

7.000%

11.000%

Senegal / Loans, Trade

9.000%

13.000%

Sudan / Loans

9.000%

12.000%

Tanzania / Loans, Trade

8.000%

11.000%

Uganda / Trade

11.000%

13.000%

Zambia / Loans, Trade

11.000%

18.000%

Zimbabwe / Trade

1.000%

3.000%

 

Eastern European hyper-exotics

Country / Issue

Price Range

 

Albania / Pars

29.000%

34.000% ↑

Azerbaijan / Trade

22.000%

27.000%

Bosnia / Trade

38.000%

43.000%

Georgia / Trade

14.000%

18.000%

Serbia / Trade

44.000%

54.000%

Turkmenistan / Trade

22.000%

30.000%

Ukraine / Trade

20.000%

27.000%

Uzbekistan / Trade

21.000%

25.000%

 

Latin America & Caribbean hyper-exotics

Country / Issue

Price Range

 

Argentina / 2003, JPY

10.000%

17.000%

Cuba / Trade

2.000%

5.000%

Cuba / Loans

7.000%

11.000%

Mexico / Ahmsa Bonds

14.000%

17.000% ↑

Mexico / Ahmsa trade debt

8.000%

12.000%

Suriname / Loans, Trade

12.000%

16.000%

 

Middle Eastern hyper-exotics

Country / Issue

Price Range

 

 

Iraq / Paris Club

12.000%

19.000% ↑

Iraq / Bonds

56.000%

62.000% ↑

Libya / Trade

45.000%

55.000%

Syria / Trade

6.000%

11.000%

 

Asia hyper-exotics

Country / Issue

Price Range

 

Mongolia / Trade

22.000%

30.000%

North Korea / Loans, Certificates

6.000%

9.000%

 

Trade: Trade Debt Instruments
Loans: Loan Agreements
PDI: Past Due Interest
Pns: Promissory Notes
Pars: Brady Par Bonds
↑ ↓: Changes compared to last edition

Prices are a percentage of principal only, however assuming inclusion of an average amount of PDI for the specific debt instrument and the specific debtor. Trade debts and their documentation differ from case to case and price ranges should therefore be considered as benchmark only.  

Price ranges are based on a monthly compilation of sources and analytics.
Liquidity on most instruments is very limited and trading may not have taken place
for some time.  

Prices of debts of other countries and/or other classes are available on request.

Omni Bridgeway
Tobias Asserlaan 5, 2517 KC
The Hague, The Netherlands.
Tel: (+31) 70 3384343, Fax: (+31) 70 3523469

FIM Bank

Carr Lyons

SEB

SIBOS 2010



 
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