Montenegro agrees hedging deals to ease Chinese debt burden -report

22 Tháng Bảy 2021
Montenegro agrees hedging deals to ease Chinese debt burden -report © Reuters. FILE PHOTO: A general view of Budva, the main summer tourist destination heavily affected by coronavirus disease (COVID-19), Montenegro, August 8, 2020. REUTERS/Stevo Vasiljevic

BELGRADE (Reuters) - Montenegro has secured a deal with four international banks to hedge its foreign exchange risk on nearly $1 billion of debt owed to China, the Mina state news agency reported on Wednesday, citing finance minister Milojko Spajic.

The hedges will also reduce the interest rate it pays on the debt, the report said.

Economy Minister Jakov Milatovic had told Reuters earlier this month that Montenegro was close to securing a deal to either swap or refinance the debt and hoped to reduce the interest rate to below 1%.

The Adriatic country of 620,000 people borrowed $944 million from China in 2014 to fund a 41 km (25 mile) stretch of a highway which, once completed, should link its main port of Bar with neighbouring, landlocked Serbia.

Montenegro secured 14-year hedging deals with France's Societe Generale (OTC:SCGLY), Germany's Deutsche Bank (DE:DBKGn), and U.S.-based Merrill Lynch International and Goldman Sachs (NYSE:GS) International, the report said.

It quoted Spajic as saying: "We have secured ... Montenegro's public debt from the currency risk that has been a noose around the state's neck."

Montenegro will pay an interest rate in euros of 0.88% rather than 2% it had been paying in U.S. dollars, the report said, which will help the European Union candidate country reduce its public debt of around 103% of economic output.

The finance ministry could not be immediately reached for comment.

The loan from the Export-Import Bank of China was taken out in 2014 with a six-year grace period and a 14-year additional maturity. The principal is already starting to be paid off.

The report also quoted Spajic as saying Montenegro would continue to continue to negotiate "with European partners" which he did not identify, on how to refinance the highway loan.

"This (hedging) was an intermediate step towards refinancing," he said.

Montenegro's economy shrank 15% in 2020, one of the sharpest contractions in Europe, as the COVID-19 pandemic cut off tourism, its main source of revenue. The government sees 2021 economic growth of 10.5%, followed by 6-7% in 2022.

Để lại bình luận
27-07-2021 03:13:51 (UTC+7)

EUR/USD

1.1805

+0.0034 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (1)

EUR/USD

1.1805

+0.0034 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (1)

GBP/USD

1.3822

+0.0076 (+0.56%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (4)

USD/JPY

110.39

-0.15 (-0.14%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

AUD/USD

0.7383

+0.0019 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

USD/CAD

1.2541

-0.0020 (-0.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

130.31

+0.17 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (0)

EUR/CHF

1.0809

-0.0009 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (4)

Gold Futures

1,798.15

-3.65 (-0.20%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Silver Futures

25.267

+0.034 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

Copper Futures

4.6020

+0.2020 (+4.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

Crude Oil WTI Futures

72.17

+0.10 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

73.91

+0.47 (+0.64%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

Natural Gas Futures

4.071

+0.029 (+0.72%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

207.90

+18.90 (+10.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Euro Stoxx 50

4,102.59

-6.51 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

S&P 500

4,423.20

+11.40 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

15,618.98

-50.31 (-0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,025.43

-2.15 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Hang Seng

26,220.00

-1064.87 (-3.90%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

US Small Cap 2000

2,215.15

+5.74 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,775.20

+58.00 (+0.67%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (4)

BASF SE NA O.N.

67.540

+0.510 (+0.76%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

51.40

+0.20 (+0.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

210.90

+0.40 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Adidas AG

311.95

-5.75 (-1.81%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

Deutsche Lufthansa AG

9.847

-0.002 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

134.56

-0.09 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Deutsche Bank AG

10.660

+0.070 (+0.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

 EUR/USD1.1805↑ Buy
 GBP/USD1.3822Buy
 USD/JPY110.39↑ Buy
 AUD/USD0.7383↑ Buy
 USD/CAD1.2541↑ Sell
 EUR/JPY130.31↑ Buy
 EUR/CHF1.0809↑ Sell
 Gold1,798.15↑ Buy
 Silver25.267↑ Buy
 Copper4.6020↑ Buy
 Crude Oil WTI72.17↑ Buy
 Brent Oil73.91↑ Buy
 Natural Gas4.071↑ Buy
 US Coffee C207.90↑ Buy
 Euro Stoxx 504,102.59↑ Buy
 S&P 5004,423.20↑ Buy
 DAX15,618.98↑ Buy
 FTSE 1007,025.43↑ Buy
 Hang Seng26,220.00↑ Sell
 Small Cap 20002,215.15↑ Buy
 IBEX 358,775.20Neutral
 BASF67.540↑ Buy
 Bayer51.40↑ Buy
 Allianz210.90↑ Buy
 Adidas311.95↑ Sell
 Lufthansa9.847↑ Sell
 Siemens AG134.56↑ Buy
 Deutsche Bank AG10.660↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,720
(0/ 0) # 687
SJC HCM5,680/ 5,745
(0/ 0) # 713
SJC Hanoi5,680/ 5,747
(0/ 0) # 715
SJC Danang5,680/ 5,747
(0/ 0) # 715
SJC Nhatrang5,680/ 5,747
(0/ 0) # 715
SJC Cantho5,680/ 5,747
(0/ 0) # 715
Cập nhật 27-07-2021 03:13:53
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,797.45-2.78-0.15%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2188022310
RON 95-II,III2178022210
E5 RON 92-II2061021020
DO 0.05S1653016860
DO 0,001S-V1688017210
Dầu hỏa1550015810
ↂ Giá dầu thô thế giới
WTI$71.99+0.120.17%
Brent$73.95-0.2-0.26%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.880,0023.110,00
EUR26.387,0727.760,11
GBP30.825,6632.113,27
JPY203,04213,69
KRW17,2621,01
Cập nhật lúc 18:50:27 26/07/2021
Xem bảng tỷ giá hối đoái