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IDB issues MYR350mn sukuk – DTEK gain approval for asset sale – Czech president wants to follow Britain – Mexico manufacturing PMI drops significantly

Jul 4, 2016 // 5:14PM

  • The Islamic Development Bank has issued a MYR350mn wakalah sukuk through SPV Tadamun Services Bhd
  • African Bank has offered to repurchase up to US$500mn of foreign currency bonds
  • Fitch expects to rate Transelec's proposed senior unsecured bonds at BBB
  • DTEK has received approval from bondholders to sell non-core assets in Russia to reduce its debt burden by US$436mn
  • Kuwait is planning to issue US$9.95bn in dollar-denominated bonds and sukuk to service its 2016-2017 budget deficit
  • Czech President Milos Zeman announced he would call for a referendum on the country’s membership in the European Union
  • S&P affirmed its sovereign credit ratings of the Republic of Poland at BBB+ with a negative outlook
  • Fitch downgraded Indonesian holding company Multipolar to 'B' from 'B+' with a stable outlook
  • S&P has lowered its credit rating on China XD Plastics Co. Ltd. (CXDC) to 'B+' from 'BB-' with a negative outlook
  • Mexico's Markit Manufacturing PMI dropped to 51.1 this month, its lowest levels since October 2013
  • Brazil's Caixa looks increasingly likely that it will need a cash injection to avoid breaking regulatory capital requirements

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