the authoritative voice of the EMEA market

Developing
Markets

Developing markets offer great opportunities as global dynamics shift, demand for their resources increases and new technologies evolve. The LMA.... Find out more

What's New?

Developing Market Insight

Loan Market Data & Analytics (June 2017)
Thomson Reuters LPC Report

Emerging Markets Sovereign Rating Trends 2017 (10 January 2017)
Standard & Poor's Ratings Services Report

EMEA Emerging Markets Trail Behind Previous Years In Loans (19 April 2017)
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Developing Markets Quarterly Bulletin - May 2017

Developing Markets Conference 2017 summary; video interview with Conference speaker, David Chmiel; briefing on risk and raising capital in East Africa; South African confidentiality agreement; updated local African law facility agreement; Q1 LMA developing markets event summaries; regulatory submissions; legal and regulatory news; and upcoming LMA events in developing markets.

LMA publishes revised English law investment grade primary documentation and updates its suite of facility agreements

The LMA is pleased to announce the publication of revised forms of its English law investment grade primary documentation; the changes have been incorporated across the suite of documentation, including the Developing Markets, South Africa Investment Grade and Local African Law documentation. The amendments take account of changes made to the LMA's leveraged documentation in November 2016. The documents have also been amended to incorporate increase lender mechanics, expansion of the Agent's Spot Rate of Exchange, updates to the definition of Federal Funds Rate, and expansion of all Lender matters to cover a change in currency of payment.

LMA publishes confidentiality agreement and associated riders under South African law

The LMA has produced a confidentiality agreement and associated riders under South African law, for use in primary syndication. The South African User Guide has also been updated.

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We spoke to David Chmiel, Managing Director at Global Torchlight, following our 2017 Developing Markets Conference. In a survey conducted of LMA members before the conference, global macro-economic and political stability was seen as being the most important factor for growth in the syndicated loan market in developing markets. We asked David for his views.

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LMA Developing Markets Conference 2017

On 26 April 2017, the LMA held its fourth annual Developing Markets Conference in London. Despite recent market volatility, developing markets continue to offer attractive investment opportunities. The programme featured a plenary morning, with the afternoon split into two breakout sessions; one focusing on CEE/CIS, Turkey and the Middle East; and the other Sub-Saharan Africa.

The status of multilateral financial institutions in English law

Clifford Chance produced a briefing discussing the status of MFIs in English law. Dealing with an MFI raises different issues from transactions with private sector entities. Click the arrow to view.

Guide to Litigation in Africa and Banking on Africa: Guide to Financing Transactions on the Continent

Bowmans have updated their 'Guide to Litigation in Africa', providing an overview of issues relating to litigation. They have also updated their 'Banking on Africa: Guide to Financing Transactions on the Continent' briefing, which answers questions on the provision of financing, and regulations relating to collateral, in key African jurisdictions. Click the arrow to view.