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Russian Government may hit the market again – Celulosa Argentina is arranging a bond – Kenya Power secures loan – Volkswagen Financial Services issues RUB debt

Jul 6, 2016 // 6:04PM

  • Celulosa Argentina is looking to issue up to US$200mn in unsecured notes
  • Kuwait's Burgan Bank is to issue under its newly established US$1.5bn EMTN programme. Emirates NBD, HSBC, NBAD, Soceiete Generale and Standard Chartered are said to be arranging the deal according to Bloomberg
  • Unifin Financiera secured a US$73.5mn senior secured 3-year dual currency syndicated facility. The deal was led by Bladex, which acted as the sole lead arranger and bookrunner on the deal
  • Russia's Ministry of Finance suggested this week that it could borrow up to US$3bn from international markets over the next 12 months
  • Kenya’s national electricity utility company, Kenya Power, has secured a US$500mn syndicated loan to refinance existing debt. The deal was led by Standard Chartered and consisted of a KSh35bn (US$346mn) loan comprising a 10-year tenor guaranteed by the World Bank through the IDA, and a KSh15.1bn (US$149mn) tranche carrying a 7-year tenor
  • Mohammed Al Barwani Holding closed a US$76mn privately placed dual-tranche 5-year sukuk at the end of June, the first sukuk to be denominated in both OMR and USD in Oman. Standard Chartered and National Bank of Oman led the transaction
  • United Arab Bank (UAB) secured a US$150mn loan arranged by Commerzbank and Emirates NBD according to a report from Reuters
  • Volkswagen Financial Services issued a RUB5bn (US$78mn) 5-year bond with a 9.95%coupon

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