Lafarge Africa has issued NGN60bn in a local currency dual-tranche bond. The first tranche comprised of an NGN26.386bn 3-year bond at 14.25%, whilst the second tranche consisted of an NGN33.614bn 5-year bond at 14.75%. The proceeds will refinance some of the debt of the company's wholly owned subsidiary, United Cement Company of Nigeria Limited
According to Reuters, Brazil's Samarco and owners Vale and BHP Billiton have hired banks to lead the renegotiation of US$3.8bn in debt
The New Development Bank (BRICS Bank) will begin to issue local currency bonds to its member states. It is planning a CNY3bn (US$455.93mn) in the next month
Nigeria has ended its FX controls and unpegged its currency from the US dollar. Having traded artificially at between 197 and 199 to the dollar, the naira is now trading at 281.492 to the greenback
Retail sales in Russia plunged 6.1% year-on-year from 4.9% in April, while the jobless rate fell to 5.6%, the lowest level in 7 months, according to newly released statistics
PBOC is considering allowing onshore banks to trade in the offshore yuan market. If the measures go ahead, the move to lead to a convergence between onshore and offshore yuan exchange rates and curb currency arbitrage practices
China’s Jiangsu Hanrui Investment Holdings has started a road show for US dollar bond according to reports
The Government of Brazil has reached a debt deal with the country’s states that will see the national government offer discounts on the states' debt repayments
The Central Bank of Turkey cut the overnight lending rate by 50bp to 9%, keeps the overnight borrowing rate steady at 7.25%
Brazilian telecoms incumbent Oi has filed for bankruptcy protection. The company's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) were downgraded by Fitch from 'D' from 'C'