Image Credit: EBRD November 15, 2021/EBRD By Anton Usov EBRD issues KZT 12,500 million in three-year bonds linked to the TONIA rate TONIA risk-free rate to be used to calculate local-currency lending rates in Kazakhstan Issuance continues the Bank’s work to develop Kazakhstan’s local capital market The European Bank for Reconstruction and […]

November 12, 2021/Cordros Report Global economy   According to the Bureau of Labor Statistics (BLS), headline inflation in the United States (US) surged to a 31-year of 6.2% y/y in October (September: +5.4% y/y). The upward pressure on domestic prices was broad-based, reflecting the impact of (1) ongoing global energy […]

November 10, 2021/Cordros Report EQUITIES   The Nigerian equities market snapped the two-day bullish run as investors took profit off WAPCO (-3.9%) and ZENITHBANK (-1.2%). Thus, the benchmark index declined by 0.1% to 43,707.30 points. Accordingly, the Month-to-Date and Year-to-Date gains moderated to +4.0% and +8.5%, respectively.   The total […]