Francesca Young

Emirates NBD took a leap this week to reopen bond issuance in the Gulf, after a two month interruption caused by the US-Israeli war on Iran. The $750m additional tier one capital deal was bold, but also clever. Emirates NBD got ahead of a huge queue of ba... See more

The Gulf sovereigns have turned to the private bond market in recent weeks, raising impressive multi-billion dollar bonds even while under attack from Iran. There are many attractions to this sort of funding, especially at a time of such volatility. But p... See more

It is simplistic to look at Gulf sovereign this week and make the argument that they cannot escape their geography. But in the financial markets that is exactly what they have done. In a week of war, it has been striking how little Gulf sovereign bond spr... See more

The extraordinary scenes this week with the United Arab Emirates under Iranian bombardment — and some casualties and damage to property — are far from what anyone is used to or ever expected to happen on this usually tranquil coast. But this war, triggere... See more

European Union policymakers are discussing whether and how to use €170bn of reserves belonging to the Bank of Russia, which has been frozen at Euroclear, to help Ukraine. Yuriy Butsa, the head of Ukraine’s debt management office, told GlobalMarkets he was... See more