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Sunday, 24 February 2019

Gov’t to issue new tender for advisers on EUR-, Asian currency bond issuance

EXCLUSIVE- Gov’t to issue new tender for advisers on EUR-, Asian currency bond issuance: The Finance Ministry is planning to select a new group international banks to advise on upcoming international bond issuances, a senior government official told Enterprise. The advisors will help quarterback an offering of EUR-denominated eurobonds and will advise the government on whether to proceed with a Asian currency-denominated issuance, the source added. They could recommend that the upcoming EUR-denominated eurobonds will be enough for this year, the source noted. The move comes after Citigroup, Goldman Sachs, HSBC, and JP Morgan advised the government on last week’s 5x oversubscribed USD 4 bn eurobond issuance.

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