◆ SSA market faces up to escalating defence funding
◆ Arms company bonds in focus
◆ Slovenia's landmark SLB
As Nato members agreed — mostly — to ramp up their defence funding to 5% of GDP over the next decade, we asked the SSA bond market how it would handle the extra funding that it will need to provide for that end.
Some Nato members don't even meet the old target of 2% of GDP, so this week's declaration made at the alliance's summit in the Hague was quite the escalation. It came in the same week that some of the SSA market's biggest borrowers released their latest funding targets too.
Meanwhile, extra defence spending is a boon to arms companies. They have been spectacular performers in equity markets but we took a look at what all that extra business and revenue will mean for their bond issuance.
Finally, Slovenia this week became the first European sovereign to price a sustainability-linked bond. We examined the deal, how it was priced and marketed, and ask whether this is a credible avenue of funding for other governments.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.