Adrian Murdoch

Are Virgin Australia’s bonds headed for a crash landing?

The government has committed millions to helping save both Qantas and Virgin Australia, although the CEO of the former has publicly stated the later doesn’t deserve it. How much Virgin ends up receiving could have a significant impact on its corporate bond holders.
April 01, 2020

What the Kyrgyz Republic must do to diversify its economy

Backed by healthy gold reserves and multilateral agencies keen to improve infrastructure, the outlook for the Central Asian republic is positive. However, the population’s tense relationship with China must be addressed if it is to make serious economic headway.
March 18, 2020

The central banker with no capital markets

The challenges are significant when 85% of the population is unbanked and the country has no capital markets. The acting governor of Da Afghanistan Bank outlines his plans to build from the ground up, promote financial inclusion, and learn from countries like Cambodia.
March 12, 2020

China is pushing into Eastern Europe (and so is Korea)

Attracted by a welcoming investment climate and driven by its Belt and Road Initiative, China is the largest investor in East Central Europe by some measure. But keep your eyes out for Korea also as its investment levels in the region are surging.
February 29, 2020

Nose down: Kazakhstan’s stalled privatisation back on course

After notable silence, Kazakhstan looks set to push ahead with its privatisation programme in 2020. Although unlikely before the second quarter, investors and bankers see good reason its top three major state-owned entities will engage the markets.
January 27, 2020

Pakistan's pipeline: Bankers expect up to six IPOs in 2020

After a lacklustre few years thanks in part to over-regulation, Pakistan is cleaning up its image for issuers and investors and betting on simplified IPO rules to catalyse the market. Three IPOs are waiting for approval and more are in the wings, bankers claim.
January 13, 2020