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Tullow Oil issues US$300mn in convertible bonds – Banco Galicia readies dollar bond – Bank of China issues mammoth green bond – Suzano preps for US$700mn notes

Jul 7, 2016 // 5:22PM

  • Tullow Oil has issued US$300mn worth of convertible bonds due in 2021 that would fund operations in East and West Africa. The bonds carry a coupon of between 5.875 and 6.625%.
  • According to Reuters, Credito Real has mandated Barclays, Deutsche Bank and Morgan Stanley to arrange investor meetings ahead of a dollar bond sale
  • Moody's notes that Banco de Galicia y Buenos Aires has mandated Standard Chartered as lead arranger and Deutsche Bank and JP Morgan as joint book runners to for an up to US$300mn 10-year bond
  • The Province of Chubut is looking to raise between US$500mn and US$650mn in amortising notes due in 2026
  • The Republic of Peru has hit back at Gramercy in the longstanding debacle surrounding the latter’s US$1.6bn claim against Peru for defaulting on its Land Bonds. The Republic said Gramercy continues to "undermine" the ongoing resolution process with other Land Bond holders
  • US Non-Farm Payroll hits lowest level in 5 years according to new data released by the US Federal Reserve
  • The Bank of China has issued US$3.03bn in international green bonds, and the first of its kind to be sold in three currencies - dollars, euros, and offshore RMB. The deal was oversubscribed 3 times over
  • Brasil's Suzano Papel e Celulose S.A. plans to issue up to US$700mn in 10-year notes

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