Francesca Young

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

The Emirate of Abu Dhabi’s super tight bond pricing last week — which included a 10 year tranche reoffered at a record breaking 18bp over US Treasuries — has raised the question of whether the bid for high grade dollar bonds from non-US issuers is big eno... See more

A spate of euro bonds is set to emerge from the Gulf, a region that has determinedly clung to dollar issuance. Diversification for a borrower makes sense, even for those that do not seem to need it. When considering issuing bonds in currencies away from t... See more