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Chellam Plantations (Sabah) Sdn Bhd issues RM150mn sukuk – Suzano secures rating upgrade from Fitch – Banco BAC San Jose nabs syndicated loan – IMF demands audit of fishy government guaranteed loans

Jun 27, 2016 // 5:11PM

  • Chellam Plantations (Sabah) Sdn Bhd issued a RM150mn 17-year murabahah sukuk under its RM300mn sukuk programme. RHB Investment Bank Bhd and OCBC Al-Amin Bank Bhd coordinated the deal
  • Ecuadorean President Rafael Correa said in a speech Saturday that the 'Brexit' vote in the UK had spooked global investors and temporarily derailed the country's plans to issue up to US$1bn in bonds
  • The International Monetary Fund (IMF) has demanded an audit of government guaranteed loans secured by the Mozambican companies EMATUM (Mozambique Tuna Company), MAM (Mozambique Asset Management) and Proindicus, according to reports. The loans amount to roughly US$2bn
  • Fitch upgraded Suzano Papel e Celulose S.A.'s (Suzano) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'BB+' from 'BB'. Fitch has also upgraded Suzanos's National Long-Term rating to 'AA+(bra)' from 'AA-(bra)' citing the impact of a depreciating currency on its cost structure
  • Banco BAC San Jose has received a US$85mn 3-year senior unsecured syndicated loan. The loan was provided by Bladex and Wells Fargo Securities
  • Tinkoff Bank issued RUB3bn 5-year bond with an 11.7% coupon. The issue carries a 1.5-year put option. Proceeds will be used to finance the company's business development
  • Asian Infrastructure Investment Bank (AIIB) says it is looking to raise bonds in China, followed by issuances in other member countries
  • NTPC is reported to be looking to issue up to US$250mn in green bonds
  • Sarawak Hidro is planning a MYR5.5bn (US$1.3bn) sukuk, according to reports from Bloomberg
  • HDFC Bank is looking to issue a Rs2000cr masala bond

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