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'One Belt, One Road' sees funding MoU – Gol struggles with debt restructuring – Halk Bank secures dual currency loan – ICD mulls US$1bn bond

Jul 5, 2016 // 4:59PM

  • China: The IFFO and the HKMA have signed an MoU that will see the two cooperate to raise funds for Beijing's 'One Belt, One Road' scheme. China is looking to raise up to US$8tn through 2020
  • Brazil: Brazilian airline Gol Linhas Aereas Inteligentes SA said just 20% of creditors agreed to swap US$174.7mn in notes as part of a debt restructuring deal
  • Kenya: Kenya's High Court announced it would block the country's Capital Markets Authority from investigating top executives at Imperial Bank, which was placed under receivership last year, in order to avoid running a parallel investigation
  • UAE: Investment Corporation of Dubai is considering raising up to US$1bn in bonds, according to a report from Bloomberg
  • Turkey: Turkiye Halk Bankasi AS secured US$175mn and €476.5mn in a syndicated loan deal aimed at refinancing existing debt
  • Turkey: Turkey's annual CPI beat forecasts, rising to 7.64% in June, but inflation rose to 7.1%, mainly due to higher food prices

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