NEW DEVELOPMENTS

NEW DEVELOPMENTS

In this area, EMTA posts current information regarding EMTA projects and other matters deemed of interest to participants in the Emerging Markets trading and investment community. To submit materials for posting to this area, please contact EMTA by e-mail at sortiz@emta.org. EMTA generally disclaims responsibility for the content of materials received for posting from outside sources.

May 5, 2008	EMTA Forum - São Paulo To Be Held on May 28, 2008. CLICK HERE to Register.
May 2, 2008	Fiscal Agent Notice Regarding May 15, 2008 Payment on Nigeria Payment Adjustment Rights.
April 30, 2008	Standard & Poor's Upgrades Brazil's Long-Term Foreign Currency Rating from BB+ to BBB- (Investment Grade).
April 22, 2008	EMTA Special Presentation “Corporate Bond Covenants: Brazil" in NYC on May 16, 2008. CLICK HERE to Register.
April 21, 2008	Various Retail Bondholders v. Argentina.
April 18, 2008	Holiday Schedule for EM Bond Trades for UK May Day Bank Holiday.
April 17, 2008	Save the Date! EMTA's Forum in São Paulo Scheduled for Wednesday, May 28, 2008. Invitations to be distributed shortly.
April 9, 2008	"Developing Asia Amidst The Global Slowdown." Presentation by Dr. Ifzal Ali, Chief Economist of the Asian Development Bank, at EMTA Meeting. Calculations for Payments on Venezuela Oil Obligations Announced.
April 3, 2008	CMS Gas Transmission Co. v. Argentina.
April 2, 2008	Fitch Upgrades Peru's Long-Term Foreign Currency Rating from BB+ from BBB- Fitch Downgrades Sri Lanka's Long-Term Foreign Currency Rating from BB- to B+.
April 1, 2008	EMTA Spring Forum, To Be Held on April 14, 2008 in New York. CLICK HERE to Register.
March 24, 2008	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 27. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
March 20, 2008	Mobil Cerro Negro v. PDVSA - Reasons for Judgment to Discharge Freeze in the UK. Moody's Upgrades Ecuador's Foreign Currency Government Bond Rating from Caa2 to B3.
March 18, 2008	Mobil Cerro Negro v. PDVSA - Summary of Order to Discharge Freeze in the UK.
March 17, 2008	Calculations for Payments on Mexico VRR's, Series F, Announced.
March 12, 2008	Holiday Schedule for EM Bond Trades for Good Friday/Easter Monday Holidays.
March 11, 2008	Mobil Cerro Negro v. PDVSA - Oral Argument in US.
March 10, 2008	Dr. Ifzal Ali, Chief Economist of the Asian Development Bank, to Speak at EMTA on April 9. CLICK HERE to Register.
March 4, 2008	EMTA's First Quarter Bulletin is Now Available in our Bulletin Section. Fitch Upgrades the Czech Republic's Long-Term Foreign Currency Issuer Default Rating from A to A+.
February 28, 2008	Remembering Lacey Gallagher.
February 26, 2008	Standard & Poor's Upgrades Panama's Long-Term Sovereign Credit Rating from BB to BB+.
February 25, 2008	EMTA and ISDA To Sponsor Joint Symposium on April 30, 2008 in London on NDF, NDO and NDS Documentation. CLICK HERE for more information and registration details.
February 22, 2008	Mobil Cerro Negro v. PDVSA - SDNY Orders Confirming Attachments and Authorizing Deposit of Funds.
February 20, 2008	Moody's Comments on Legal Injunctions Against Petroleos de Venezuela, S.A.
February 19, 2008	EMTA Announces 2007 Annual Emerging Markets Debt Trading Stood at US$6.489 Trillion.
February 13, 2008	Mobil Cerro Negro v. PDVSA - US Attachment Orders. Fitch Upgrades Indonesia's Long-Term Foreign Currency Rating from BB- to BB.
February 11, 2008	EMTA Winter Forum in London to be Held on February 27, 2008. CLICK HERE to Register. Standard & Poor's Statement: Petroleos de Venezuela S.A., Venezuela, And Related Issuers Ratings Unaffected By Court Ruling. Fitch Upgrades Israel's Foreign-Currency Issuer Default Rating from A- to A.
February 8, 2008	Mobil Cerro Negro v. PDVSA - UK Freeze Order. Fitch Ratings Statement: British Court Order to Freeze PDVSA Assets To Have Minimal Near-Term Impact. Mexico VRR, Series F, Record Date of March 14 and Payment Date of March 31. Trades are ‘Ex-Dividend’ on March 12. Calculations for Payments on the VRR's will be Announced by the Fiscal Agent Shortly.
February 7, 2008	EMTA Special Presentation “Corporate Bond Covenants" in NYC on March 7, 2008. CLICK HERE to Register.
February 6, 2008	Holiday Schedule for EM Bond Trades for US Presidents' Day Holiday.
January 31, 2008	Standard & Poor's Downgrades Lebanon's Long-Term Sovereign Credit Rating from B- to CCC+.
January 30, 2008	Iraq's Ministry of Finance Invites Registration of Commercial Claims Against Certain Iraqi Obligors as of August 6, 1990. Please CLICK HERE for more information. Please CLICK HERE for Press Release Please CLICK HERE for Definition of Eligible Claims EMTA Winter Forum in London to be Held on February 27, 2008. Invitations to be distributed shortly. Standard & Poor's Downgrades Lithuania's Long-Term Foreign Currency Rating from A to A-.
January 24, 2008	Peru to Redeem Discount, Floating Rate and PDI Bonds - Fiscal Agent Notice.
January 14, 2008	EMTA Corporate Bond Forum in London to Be Held on January 29, 2008. CLICK HERE to Register.
January 10, 2008	Market Practice Recommendation Regarding the Fungibility of Venezuela Oil Obligations.
January 9, 2008	Holiday Schedule for EM Bond Trades for Martin Luther King, Jr. Holiday.
January 3, 2008	Calculations for Payments on Uruguay VRR's Announced.
December 19, 2007	Calculations for Payments on Mexico VRR's, Series F, Announced.
December 18, 2007	Standard & Poor's Upgrades Chile's Foreign Currency Rating from A to A+.
December 13, 2007	Holiday Schedule for EM Bond Trades for Christmas, Boxing Day and New Year's Holidays. 2008 Holiday Schedule. 2008 Batch Settlement Schedule for Certain Class I Loan Assets.
December 7, 2007	EMTA Corporate Bond Forum in London to Be Held on January 29, 2008. Invitations to be distributed shortly.
December 5, 2007	"The Economic and Political Outlook for Russia." Presentation by Anders Aslund, Senior Fellow at the Peterson Institute for International Economics at EMTA's Annual Meeting. EMTA Annual Meeting Sell Side Panel - Market Views on Key Variables for 2008.
December 3, 2007	Various Retail Bondholders v. Argentina.
November 29, 2007	Anders Aslund, Senior Fellow at Peterson Institute for International Economics, to Deliver Keynote Address at EMTA's Annual Meeting on Wednesday, December 5, 2007. CLICK HERE to Register. "Russia’s Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed" by Anders Aslund Is Now Available - CLICK HERE for more information.
November 28, 2007	List of Live and Silent Auction Items for EM Benefit to Be Held in New York on December 5, 2007 Now Available.
November 27, 2007	Standard & Poor's Upgrades Israel's Long-Term Foreign Currency Rating from A- to A.
November 26, 2007	EMTA's Fourth Quarter Bulletin is Now Available in our Bulletin Section.
November 21, 2007	Standard & Poor's Upgrades Ecuador's Long-Term Sovereign Credit Rating from CCC to B-.
November 20, 2007	Revised Primers for Venezuela Oil Obligations and Nigeria Payment Adjustment Warrants, and EMTA Advisories Regarding Venezuela Oil Obligations and Their Related Payments and Nigeria Payment Adjustment Warrants and Their Related Payments.
November 19, 2007	EMTA Announces 3Q 2007 Debt Trading Stood at US$1.680 Trillion.
November 16, 2007	Mexico VRR, Series F, Record Date of December 17 and Payment Date of December 31. Trades are ‘Ex-Dividend’ on December 13. Calculations for Payments on the VRR's will be Announced by the Fiscal Agent Shortly.
November 6, 2007	Holiday Schedule for EM Bond Trades for US Thanksgiving Holiday.
October 31, 2007	Fiscal Agent Notice Regarding November 15, 2007 Payment on Nigeria Payment Adjustment Rights.
October 30, 2007	Holiday Schedule for EM Bond Trades for US Veterans' Day Holiday.
October 28, 2007	Cristina Fernandez de Kirchner wins Argentine Presidency in First Round, Market reaction from Goldman Sachs, Lehman Brothers and Merrill Lynch.
October 19, 2007	List of Live Auction and Silent Auction Items for EM Benefit to Be Held in London on October 26, 2007 Now Available. EMTA Annual Meeting in New York City to be Held on December 5, 2007. Invitations to be distributed shortly.
October 18, 2007	Moody's Upgrades Indonesia's Foreign-Currency Bond Rating from B1 to Ba3. Special Presentation “World Bank Global Development Finance Report".
October 16, 2007	Calculations for Payments on Venezuela Oil Obligations Announced.
October 11, 2007	Standard & Poor's Upgrades the Czech Republic's Foreign Currency Sovereign Credit Rating from A- to A.
October 9, 2007	Standard & Poor's Downgrades Kazakhstan's Long-Term Foreign Currency Rating from BBB to BBB-.
October 8, 2007	Standard & Poor's Upgrades Mexico's Long-Term Foreign-Currency Rating from BBB to BBB+.
October 1, 2007	Special Presentation: "Committee on the Global Financial System (CGFS) Report: Financial Stability and Local Currency Bond Markets" Report PowerPoint Presentation EM Ltd. and NML Capital v. Argentina Supreme Court Writ of Certiorari Denied.
September 26, 2007	"Developing Asia: Stellar Growth Continues." Presentation by Dr. Ifzal Ali (Asian Development Bank) at the EMTA Forum in Singapore, Hosted by ING Wholesale Banking. Holiday Schedule for EM Bond Trades for US Columbus Day Holiday. Capital Ventures International v. Argentina.
September 25, 2007	EMTA's Third Quarter Bulletin is Now Available in our Bulletin Section. EMTA Special Presentation “World Bank Global Development Finance Report" in NYC on September 26, 2007 Postponed to October 18. CLICK HERE to Register. EMTA Special Presentation “Committee on the Global Financial System (CGFS) Report: Financial Stability and Local Currency Bond Markets" in NYC on October 1, 2007. CLICK HERE to Register.
September 24, 2007	MarketAxess, in Partnership with EMTA, to Hold Fourth Annual Charity Trading Day on Wednesday September 26, 2007. Venezuela Oil Obligations Record Date of September 28 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 26. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
September 21, 2007	Ellington v. HSBC.
September 19, 2007	EMTA Fall Forum in New York City to Be Held on October 10, 2007. CLICK HERE to register. Fitch Upgrades Mexico's Long-Term Foreign Currency Issuer Default Rating from BBB to BBB+. Calculations for Payments on Mexico VRR's, Series F, Announced.
September 18, 2007	US Federal Reserve Cuts Interest Rates by Wider-Than-Expected 50 bps. Market Reaction from Bank of America.
September 14, 2007	Asset Managers Division of SIFMA Hosts Meeting in Boston on September 18, 2007. CLICK HERE to Register.
September 12, 2007	Mexico VRR, Series F, Record Date of September 14 and Payment Date of October 1 Expected. Trades are ‘Ex-Dividend’ on September 12. Calculations for Payments on the VRR's will be Announced by the Fiscal Agent Shortly.
September 10, 2007	EMTA to Hold a Special Presentation “World Bank Global Development Finance Report" in NYC on September 26, 2007. CLICK HERE to Register. German Federal Constitutional Court Decision Relating to Argentina. Ellington v. HSBC.
September 4, 2007	Standard & Poor's Upgrades the Dominican Republic's Long-Term Sovereign Credit Rating from B to B+.
August 29, 2007	Annual Emerging Markets Benefit to be Held in New York City on December 5, 2007. CLICK HERE for the Invitation.
August 23, 2007	EMTA Announces 2Q 2007 Debt Trading Stood at US$1.754 Trillion. Moody's Upgrades Brazil's Foreign-Currency Rating from Ba2 to Ba1.
August 20, 2007	EMTA Forum in Hong Kong to Be Held on September 24, 2007. CLICK HERE to Register.
August 15, 2007	Holiday Schedule for EM Bond Trades for UK Summer Bank and US Labor Day Holidays.
August 3, 2007	Seguros Caracas de Liberty Mutual v. Goldman Sachs.
July 27, 2007	Fitch Upgrades Uruguay's Sovereign Issuer Default Rating from B+ to BB-.
July 26, 2007	Moody's Upgrades Hong Kong's Foreign-Currency Bond Rating from Aa3 to Aa2. Moody's Upgrades China's Long-Term Foreign Currency Rating from A2 to A1.
July 25, 2007	Moody's Upgrades South Korea's Long-Term Foreign Currency Rating from A3 to A2.
July 24, 2007	Save the Date! EMTA's Second Annual Singapore Forum Scheduled for Wednesday, September 26, 2007. (Invitations Will Be Sent to EMTA Members Shortly.)
July 23, 2007	Save the Date! EMTA's Second Annual Hong Kong Forum Scheduled for Monday, September 24, 2007. (Invitations Will Be Sent to EMTA Members Shortly.)
July 18, 2007	EM Ltd. and NML Capital v. Argentina Brief in Opposition of Petition for Writ of Certiorari. EM Ltd. and NML Capital v. Argentina Central Bank Brief in Opposition of Petition for Writ of Certiorari. EM Ltd. and NML Capital v. Argentina Reply Brief in Support of Petition for Writ of Certiorari.
July 17, 2007	Emerging Markets Benefit to Be Held in London on October 26, 2007. Please contact Emma McClintock (emclintock@bluebayinvest.com), Verena Mladek (verena.mladek@dkibb.com) or Jonathan Murno (jmurno@emta.org) for Tickets and Additional Information.
July 16, 2007	Moody's Upgrades Peru's Foreign-Currency Bond Rating from Ba3 to Ba2.
July 10, 2007	EMTA's Seminar on the Côte d'Ivoire - After the Peace: Finding the Path to Rehabilitation and Debt Sustainability, hosted by UBS, London - POSTPONED.
July 5, 2007	EMTA's Seminar on the Côte d'Ivoire - After the Peace: Finding the Path to Rehabilitation and Debt Sustainability, hosted by UBS, London on July 26, 2007. CLICK HERE to Register.
June 23, 2007	EMTA Amicus Brief in Barbados Trust Company Ltd. v. Bank of Zambia.
June 21, 2007	Fitch Upgrades Colombia's Foreign Currency Issuer Default Rating from BB to BB+.
June 20, 2007	Holiday Schedule for EM Bond Trades for US Independence Day Holiday.
June 19, 2007	Save the Date for EMTA's Seminar on the Côte d'Ivoire - After the Peace: Finding the Path to Rehabilitation and Debt Sustainability, hosted by UBS, London on July 26, 2007. Calculations for Payments on Uruguay VRR's Announced.
June 15, 2007	Calculations for Payments on Mexico VRR's, Series E, Announced. EMTA's Second Quarter Bulletin is Now Available in our Bulletin Section.
June 12, 2007	Standard & Poor's Introduces Sovereign Recovery Ratings and Issues Speculative-Grade Recovery Rating Report.
June 11, 2007	EMTA Annual Summer Forum in London to be Held on June 28, 2007. CLICK HERE to Register. BNP Paribas, as Servicing Institution of the Restructuring and Consolidating Agreement dated September 20, 1990 (RCA), has been advised by the Kingdom of Morocco of its intention to prepay Tranche A in full (principal plus interest) on July 2, 2007 pursuant to clause 21.02 of the RCA.
June 7, 2007	Netting and Offset Facilities Completed for Nigeria and Venezuela Warrants. EMTA Summer Forum in London to be Held on June 28, 2007. Details TBA.
June 6, 2007	Revised Primers for Venezuela Oil Obligations and Nigeria Payment Adjustment Warrants.
June 5, 2007	Moody's Upgrades Panama's Country Ceiling from Baa1 to A3.
June 4, 2007	Special Presentation: "The Argentina Precedent: Will Others Follow?" Agenda Introductory Remarks by Michael M. Chamberlin, EMTA Executive Director
May 31, 2007	EM Ltd. and NML Capital v. Argentina Petition for Writ of Certiorari.
May 30, 2007	Special Presentation: "A Shortcut to Local Markets in Brazil" Click Here to View the Presentation by Itaú Corretora Click Here to View the Presentation by Unibanco Brazil Click Here to View the Presentation by Banco Votorantim S.A.
May 23, 2007	Seguros Caracas de Liberty Mutual v. Goldman Sachs.
May 22, 2007	EMTA Announces 1Q 2007 Debt Trading Volume Stood at US$1.697 Trillion.
May 16, 2007	Calculations for Payments on Mexico VRR's, Series E, Announced. EMTA to Hold a Special Presentation “The Argentina Precedent: Will Others Follow?" in NYC on June 4, 2007. CLICK HERE to Register. Holiday Schedule for EM Bond Trades for US Memorial Day and UK Spring Bank Holidays. Standard & Poor's Upgrades Brazil's Long-Term Sovereign Credit Rating from BB to BB+. Mexico VRR, Series E, Record Date of June 15 and Payment Date of July 2 Expected. Trades are ‘Ex-Dividend’ on June 13. Calculations for Payments on the VRR's will be Announced by the Fiscal Agent Shortly.
May 15, 2007	EMTA to Hold a Special Presentation “A Shortcut to Local Markets in Brazil” in NYC on May 30, 2007. CLICK HERE to Register. Moody's Downgrades Cerro Negro - Merrill Lynch Commentary.
May 14, 2007	Moody's Downgrades Cerro Negro from B1 to B3.
May 11, 2007	Fiscal Agent Notice Regarding May 15, 2007 Payment on Nigeria Payment Adjustment Rights.
May 10, 2007	Fitch Upgrades Brazil's Long-Term Foreign Currency from BB to BB+.
May 9, 2007	Save the Date for EMTA's Special Presentation: A Shortcut to Local Markets in Brazil. "Rating EM Corporate Bonds and Piercing the Sovereign Ceiling." Presentation by Vincent J. Truglia (Moody's Investors Service) at EMTA Corporate Bond Forum.
May 2, 2007	Venezuela Statement Regarding IMF and IBRD Membership. Moody's Upgrades Dominican Republic's Foreign-Currency Bond Rating from B3 to B2.
April 25, 2007	Holiday Schedule for EM Bond Trades for UK May Day Bank Holiday. EMTA Advisory Regarding Nigeria Payment Adjustment Warrants and Related Payments on Payment Adjustment Rights.
April 24, 2007	EMTA Corporate Bond Forum in New York, Sponsored by ING Financial Markets LLC, to be Held on May 9, 2007. CLICK HERE to Register.
April 19, 2007	"Putin's Political Legacy: Stability or Sclerosis?" Presentation by Larry Brainard, Trusted Sources, at EMTA Spring Forum.
April 13, 2007	EMTA publishes FX and Currency Derivative Market Practice No. 42, recommending the use, effective April 20, 2007, of standardized terms to document non-deliverable currency option transactions. Members may CLICK HERE to view Market Practice No. 42 and may CLICK HERE to view the User’s Guide to Documenting Non-Deliverable Currency Option Transactions. Whitney Debevoise Approved as US Executive Director at World Bank.
April 10, 2007	Philippines to Redeem Interest Reduction Bond - Fiscal Agent Notice.
April 9, 2007	EMTA Spring Forum, Hosted by Bear Stearns, to Be Held on April 19, 2007 in New York. CLICK HERE to Register.
April 5, 2007	Calculations for Payments on Venezuela Oil Obligations Announced.
April 4, 2007	"Developing Asia, Sustaining Growth," Presentation by Dr. Ifzal Ali at Special EMTA Meeting. Venezuela Oil Obligations Record Date of March 30 and Payment Date of April 16 Expected. Trades are "Ex-Dividend" on March 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
March 29, 2007	Nigeria Announces Results of Tender Offer for Oil Warrants. Standard & Poor's Upgrades Poland's Long-Term Foreign Currency Rating from BBB+ to A-.
March 27, 2007	Holiday Schedule for EM Bond Trades for Good Friday/Easter Monday Holidays.
March 16, 2007	Calculations for Payments on Mexico VRR's, Series E, Announced.
March 15, 2007	Nigeria Press Release Regarding Warrant Tender Offer.
March 14, 2007	EM Ltd. and NML Capital v. Argentina Motion for Notice of Offering. EM Ltd. and NML Capital v. Argentina Motion to Stay.
March 5, 2007	Dr. Ifzal Ali, Chief Economist of the Asian Development Bank, to Speak at EMTA on April 4. CLICK HERE to Register. Standard & Poor's Upgrades Colombia's Long-Term Foreign Currency Rating to BB+.
March 2, 2007	The Bank Of Thailand Issues Measures to Prevent Thai Baht Speculation.
March 1, 2007	Congo Press Release Relating to London Club Meeting.
February 28, 2007	EMTA Winter Forum Sell Side Panel - Market Views on Key Variables.
February 27, 2007	EMTA's First Quarter Bulletin is Now Available in our Bulletin Section.
February 26, 2007	Nigeria Launches Tender Offer for Warrants.
February 20, 2007	EMTA Announces 2006 Annual Emerging Markets Debt Trading Rises to US$6.5 Trillion. Belize Closes Exchange Offer with 98% of Eligible Debt Tendered.
February 19, 2007	Donegal International Ltd. v. Republic of Zambia and ANR Transcript.
February 14, 2007	Press Release from Ecuadorian Ministry of Finance Confirming Interest Payment on 2030 Bonds.
February 13, 2007	Citibank, as Fiscal Agent, Receives Notice from 25% of Par and Discount Brady Bondholders to Accelerate the Debt. Moody's Upgrades Belize from Caa3 to Caa1 Following Restructuring.
February 12, 2007	Market Practice for Ecuador 2030 Bonds. Mexico VRR, Series E, Record Date of March 16 and Payment Date of April 2 Expected. Trades are ‘Ex-Dividend’ on March 14. Calculations for Payments on the VRR's will be Announced by the Fiscal Agent Shortly.
February 9, 2007	EMTA Winter Forum in London to be Held on February 28, 2007. CLICK HERE to Register. EM Ltd. and NML Capital v. Argentina Southern District of New York Transcript.
February 7, 2007	Calculation Formula for Argentina GDP Payments. Holiday Schedule for EM Bond Trades for US Presidents' Day Holiday.
January 31, 2007	Belize Says that 93% of Eligible Debt Accepts Restructuring Offer. Market Advisory on the Fungibility of Venezuela Oil Obligations. Banca Arner v. Argentina Amended Judgment in SDNY Court.
January 30, 2007	Presentation by Trevor Pitman (Fitch Ratings) at EMTA Corporate Bond Forum. Standard & Poor's Upgrades India's Sovereign Credit Rating from BB+ to BBB-. Moody's Downgrades Ecuador's Sovereign Rating from Caa1 to Caa2.
January 26, 2007	Nigeria Hires Citigroup for Planned Tender Offer for Warrants.
January 24, 2007	Petition for Rehearing and Rehearing En Banc in NML Capital v. Argentina.
January 23, 2007	Fitch Downgrades Ecuador's Long-Term Foreign Currency Rating from B- to CCC.
January 19, 2007	Standard & Poor's Downgrades Ecuador's Long-Term Sovereign Credit Rating from CCC+ to CCC.
January 18, 2007	Fitch Upgrades Poland's Foreign Currency Rating from BBB+ to A-.
January 17, 2007	EMTA Corporate Bond Forum in London to Be Held on January 30, 2007. CLICK HERE to Register.
January 11, 2007	Nigeria Intends to Launch Tender Offer for Warrants.
January 5, 2007	Second Circuit Decision in EM Ltd. and NML Capital v. Argentina.
January 3, 2007	Holiday Schedule for EM Bond Trades for Martin Luther King, Jr. Holiday.
December 29, 2006	January 2, 2007 Closing for EM Trading.
December 22, 2006	Moody's Downgrades Hungary's Foreign Currency Rating from A1 to A2.
December 21, 2006	Calculations for Payments on Uruguay VRR's Announced. Moody's Upgrades Uruguay's Foreign Currency Rating to B1 from B3.
December 19, 2006	The Bank of Thailand Imposes Reserve Requirements on Short-Term Capital Inflows. The Bank of Thailand Regulation on Short Term Capital Inflows (in Thai).
December 18, 2006	Calculations for Payments on Mexico VRR's, Series E, Announced.
December 12, 2006	EMTA Winter Forum in London to be Held on February 28, 2007. Invitations to be distributed shortly.
December 11, 2006	Holiday Schedule for EM Bond Trades for Christmas, Boxing Day and New Year's Holidays. 2007 Holiday Schedule. 2007 Batch Settlement Schedule for Certain Class I Loan Assets.
December 7, 2006	Standard & Poor's Downgrades Belize's Long-Term Foreign Currency Rating to 'Select Default'.
December 6, 2006	Presentation by Henrique de Campos Meirelles, President, Central Bank of Brazil, at the 2006 EMTA Annual Meeting. EMTA Annual Meeting Sell Side Panel - Market Views on Key Variables for 2007. Statement from Government of Belize on Debt Exchange Offer. EMTA Special Presentation on 'Partial' Sovereign Restructurings: Official Sector Implications. Summary of Panel Discussions by Michael M. Chamberlin, EMTA Executive Director
December 5, 2006	EMTA's Fourth Quarter Bulletin is Now Available in our Bulletin Section.
December 1, 2006	EMTA to Host a Special Presentation on 'Partial' Sovereign Restructurings: Official Sector Implications in New York City on December 6, 2006.
November 29, 2006	List of Live and Silent Auction Items for EM Benefit to Be Held in New York on December 6, 2006 Now Available.
November 28, 2006	Argentina GDP Warrants Record Date of December 14 (Other Than for YEN Warrants, Which Have a Record Date of December 1) and Payment Date of December 15 Expected. Trades are ‘Ex-Dividend’ on December 12 (Other Than for YEN Warrants Trades, Which Are 'Ex-Dividend' on November 29). Note that Euroclear Changed the Record Date for the Euro-Denominated Warrants (XS0209139244) and the Yen-Denominated Warrants (ARARGE03E675) to November 30, 2006.
November 22, 2006	Moody's Upgrades Pakistan's Foreign Currency Bond Rating to B1.
November 21, 2006	EMTA Announces 3Q 2006 Debt Trading Volume Stood at US$1.599 Trillion.
November 20, 2006	Standard & Poor's Raises Peru's Long-Term Foreign Currency Rating to BB+.
November 17, 2006	Mexico VRR, Series E, Record Date of December 15 and Payment Date of January 2 Expected. Trades are ‘Ex-Dividend’ on December 13. Calculations for Payments on the VRR's will be Announced by the Fiscal Agent Shortly.
November 15, 2006	Payment on Nigeria Payment Adjustment Rights - Fiscal Agent Notice and Euroclear DACE Notice.
November 13, 2006	Henrique de Campos Meirelles, President, Central Bank of Brazil, to Deliver Keynote Address at EMTA's Annual Meeting on Wednesday, December 6, 2006. CLICK HERE to Register.
November 10, 2006	EMTA's FOCUS ON AFRICA: The Nigerian Financial Markets [Proceedings Subject to the Chatham House Rule]: Click Here for remarks by Dr. Mansur Muhtar (Debt Management Office) delivered by Mr. Yukubu Aliyu Click Here for remarks by Dr. Sarah Alade (Central Bank of Nigeria) Click Here for remarks by Mr. Bode Agusto (Budget Office, Nigerian Ministry of Finance) Click Here for remarks by Mr. Bolaji Shenjobi (Money Market Association of Nigeria) Click Here for a paper by Miss Eyamba Henshaw (National Pensions Commission) [unable to attend in person] Click Here for "Nigeria: Main Findings from EMTA Conference in London" Francis Beddington and Stephen Bailey-Smith (Standard Bank) Click Here for "FAQs on Investing in the Nigerian Bond Market" provided by Udo Udoma & Belo-Osagie EMTA Annual Meeting in New York City to be Held on December 6, 2006. Invitations to be distributed shortly.
November 8, 2006	Holiday Schedule for EM Bond Trades for US Thanksgiving Holiday. EM Ltd. and NML Capital v. Argentina.
November 6, 2006	Philippines to Redeem Interest Reduction Bonds – Fiscal Agent Notice.
November 2, 2006	Standard & Poor's Upgrades Kazakhstan's Long-Term Foreign Currency Rating to BBB.
November 1, 2006	Keynote Address by Heng Swee Keat, Managing Director of the Monetary Authority of Singapore, Delivered at EMTA's Singapore Forum.
October 26, 2006	Standard & Poor's Raises Bulgaria's Foreign Currency Rating to BBB+.
October 25, 2006	EMTA, ISDA and FXC update Annex A to the FX and Currency Option Definitions with an updated rate source definition for the Indian Rupee and a new rate source definition for the Philippine Peso. CLICK HERE for the Annex A updates. EMTA, SFEMC and the FXC issue updated PHP Template Terms for Non-Deliverable FX Transactions. CLICK HERE for the updated Template Terms. EMTA issues FX and Currency Derivative Market Practice No. 41 in connection therewith. CLICK HERE for EMTA’s Market Practice No. 41. EMTA Advisory Regarding Venezuela Oil Obligations and Their Related Payments.
October 18, 2006	EMTA's Focus on Africa: The Nigerian Financial Markets to Be Held on November 9, 2006. CLICK HERE to Register.
October 17, 2006	Moody's Upgrades Slovakia's Foreign Currency Bond Rating to A1.
October 16, 2006	Special Presentation on Brazil’s Capital Markets Click Here to View the Presentation by ANDIMA Click Here to View the Presentation by Banco Itaú S.A. Click Here to View the Presentation by Banco Pactual Click Here to View the Presentation by Unibanco Click Here to View the Presentation by CETIP
October 12, 2006	EMTA Special Seminar in London on "'Partial' Sovereign Restructurings and Their Implications” [Proceedings Subject to the Chatham House Rule]: Introductory Remarks by Michael M. Chamberlin, EMTA Executive Director Summary of Panel Discussions by Michael M. Chamberlin, EMTA Executive Director
October 11, 2006	Nigeria to Redeem All of its Outstanding Brady Bonds - Fiscal Agent Notice.
October 6, 2006	Calculations for Payments on Venezuela Oil Obligations Announced. EM Ltd. and NML Capital v. Argentina. Moody's Upgrades Romania's Long-Term Foreign Currency Rating to Baa3.
October 5, 2006	EMTA Special Seminar on "Enforcement Under the Foreign Sovereign Immunities Act”: Introductory Remarks by Michael M. Chamberlin, EMTA Executive Director Summary of Panel Discussions by Michael M. Chamberlin, EMTA Executive Director
October 4, 2006	Moody's Upgrades Credit Ratings on Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
October 3, 2006	EMTA Forum in Hong Kong to Be Held on November 3, 2006. CLICK HERE to Register.
October 2, 2006	EMTA Forum in Singapore to Be Held on November 1, 2006. CLICK HERE to Register. List of Live Auction and Silent Auction Items for EM Benefit to Be Held in London on October 6, 2006 Now Available. Standard & Poor's Raises Argentina's Long-Term Foreign Currency Rating to B+.
September 28, 2006	Stipulation Order in EM Ltd. and NML Suits Against Argentina. Standard & Poor's Upgrades Uruguay's Long-Term Foreign Currency Rating to B+.
September 27, 2006	Holiday Schedule for EM Bond Trades for US Columbus Day Holiday. Moody's Upgrades Hong Kong's Foreign Currency Rating to Aa3.
September 25, 2006	EMTA to Host Forum in Singapore on November 1, 2006. Dr. Heng Sweet Keat, Managing Director of the Monetary Authority of Singapore, will deliver the keynote address. Please CLICK HERE for more information. EMTA to Host a Forum in Hong Kong on November 3, 2006. Please CLICK HERE for more information.
September 21, 2006