Emerging markets are developing countries with fledgling capital markets. Banks make loans to emerging market nations as well as providing assistance in issuing Government Bonds and other debt securities.
ICAP is active across the full spectrum of Emerging Market Debt from local domestic bonds to Eurobonds. We are able to offer our customers a comprehensive service because of our global network and our strength in complimentary products such as Emerging Market repo and foreign exchange.
ICAP has a proprietary live screen which gives customers real-time price information on emerging markets issues.
Local Currency EMEA Fixed Income
ICAP has long been associated with the buying and selling of local currency denominated Emerging Market Government Debt, with an historic focus on the liquid local currency debt markets of Poland, Czech, Hungary and South Africa. These markets remain the cornerstone of our involvement in the EMEA Emerging Market Fixed income space. In 2020, we further bolstered our franchise to incorporate Kazakhstan and Ukraine, markets in which we are well placed to provide market leading liquidity.
Our Emerging European Fixed Income specialists are continually looking for markets that can be opened up to both local and international market participants. On the back of our successes, we plan to open up access to Egypt, Kazakhstan and Russia for our customer base whilst maintaining gold-standard levels of service and execution to our customer base.
Pillars of Excellence:
- Hybrid Offering
- Established Local and International custody
Local Markets Contact Details
Andrew Lunt: Andrew.Lunt@icap.com
George Harvey: George.Harvey@icap.com
Emerging Market Eurobonds
Emerging Market Eurobonds deal in many areas of both corporate and sovereign debt. Volumes are high in Russia, Turkey and Latin America with a real increase in other Eastern European sectors.
Brady bonds were issued by Latin American countries as part of a scheme to reschedule their debt repayments. They are named after Nicholas Brady, the former US Treasury Secretary. ICAP's Emerging Markets desk provides a full pricing and execution service in Brady bonds. These credits include Latin, Middle Eastern, African, Eastern European and Russian regions in both sovereign and corporate markets.