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Daily Roundup

UK votes for Brexit – Central Bank of Ukraine lowers key policy rate – Angola searches for US$1bn loan – AFC secures US$150mn loan from KfW

Jun 24, 2016 // 4:37PM

  • UK voters supported an exit from the EU by a small margin, with 52% of voters favouring the 'Leave' option. The GBP and some equities - particularly shares in large UK-based banks - fell sharply on the news, as well as the MXN and a select few non-EU EM currencies
  • The Central Bank of Ukraine lowered its key policy rate to 16.5%, down from 18%
  • Moody's downgraded Chinese Golden Eagle Retail Group’s rating to 'B1' from 'BA3' and its senior unsecured debt rating on its US dollar notes due 2023 to 'B2' from 'B1' due to eroding fundamentals
  • Angola is in the market for a US$1bn loan, according to reports. Goldman Sachs is rumoured to be coordinating the deal
  • Africa Finance Corporation (AFC) received a US$150mn 15-year loan facility from KfW Development Bank
  • Fitch affirms the Mexican State of Guanajuato's Long-Term Local Currency Issuer Default Rating (IDR) at 'BBB+' and Long-Term National Rating at 'AA+ (mex)

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