LONDON (Reuters) – Investors are eyeing a new crop of sovereign wealth funds they hope will manage revenues in frontier economies more efficiently, avoiding past pitfalls of high costs and corruption and boosting inflows and country ratings.

At least nine frontier market countries in Africa, the Middle East and Asia, from Angola to Bangladesh to Nigeria, are looking at the possibility of setting up a sovereign wealth fund.

LONDON (Reuters) – A drive by many of the world’s economies to cap the strength of their currencies is gaining momentum, with Brazil firing the latest shot just days before world finance leaders meet in Washington.

Ultra-low interest rates in Europe and Japan and concerns that the U.S. Federal Reserve is about to embark on another round of money printing that could weaken the dollar have pushed currencies to the top of the agenda for the gathering of finance chiefs from the Group of Seven rich nations on Friday.

LONDON (Reuters) – A drive by many developed and emerging economies to cap the strength of their currencies is gaining momentum, with Brazil firing the latest shot ahead of this week’s annual IMF meetings.

The moves come amid continued ultra-low interest rates in Europe and concerns that the United States is set to embark on a passive devaluation of the dollar via further printing of money by the Federal Reserve. The resulting pressure has pushed currencies to the top of the agenda at Friday’s meeting of finance chiefs from the Group of Seven rich nations.

LONDON, Oct 5 (Reuters) – A drive by many developed and
emerging economies to cap the strength of their currencies is
gaining momentum, with Brazil firing the latest shot ahead of
this week’s annual IMF meetings.

The moves come amid continued ultra-low interest rates in
Europe and concerns that the United States is set to embark on a
passive devaluation of the dollar via further printing of money
by the Federal Reserve. The resulting pressure has pushed
currencies to the top of the agenda at Friday’s meeting of
finance chiefs from the Group of Seven rich nations.

LONDON/DUBAI, Sept 29 (Reuters) – The government of Dubai
launched a $1.25 billion bond on Wednesday, its first sovereign
issue since the 2009 debt crisis, with order books suggesting
strong investor appetite.

The emirate, which is slowly climbing out of a massive debt
hole, planned to issue a dual-tranche $1.25 billion bond, a lead
arranger said, with a yield of 6.7 percent on the $500 million
five-year tranche and 7.75 percent on the $750 million ten-year
tranche.

LONDON (Reuters) – Feverish investor demand for emerging market bonds should allow borrowers to easily meet or surpass this year’s new debt targets and may ease some of the pressure on post-credit crunch finances next year.

Emerging market debt has yielded top-notch double-digit returns this year, compared with around half those levels for world government bonds.

LONDON (Reuters) – Bangladesh is seeking a $1 billion credit facility from the International Monetary Fund and is thinking of setting up a sovereign wealth fund from its foreign exchange reserves, its central bank governor said on Monday.

Bangladesh has a current account surplus and would use the IMF facility for budget support, Atiur Rahman told Reuters in an interview on the sidelines of a conference in London.

PRAGUE/LONDON, Sept 6 (Reuters) – The Czech Republic set
final guidance for a 2 billion euro, April 2021 Eurobond on
Monday, sources at the bond managers said on Monday, twice
lowering its bid guidance in an indication of strong demand.

The Finance Ministry set guidance at mid swaps plus 105
basis points after initially taking bids at 115/120 points.

LONDON, Sept 3 (Reuters) – Nigeria’s stock exchange will
have new management by the beginning of next year at the latest
and listing the bourse will be among their priorities, the
Securities and Exchange Commission (SEC) said on Friday.

The SEC removed the head of the stock exchange a month ago
and suspended its chairman and members of its governing council
in a bid to restore investor confidence amid a raft of
governance concerns. [ID:nLDE6740HM]

LONDON (Reuters) – Emerging market banks, buoyed by robust domestic growth and stress-tested by their own crises a decade ago, could offer investors a viable alternative to Western banks facing headwinds.

Lenders in countries ranging from Brazil to Indonesia are arguably in better shape than their western counterparts, and signs are that investors may increasingly look to them to fill their allocations for financials.