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EDF helps to fund hydropower in Cameroon – Aurelius takes Oi Brazil to court – Cosan authorises 2027 notes sale – Mozambique downgraded yet again

Jul 12, 2016 // 5:19PM

  • The World Bank's private sector arm, the IFC, granted a US$73.5mn loan to support development of a terminal to export fertilizers at Port Harcourt in Nigeria's Niger Delta
  • Nigeria's Federal Government has approved a loan worth NBN14.1bn to Plateau State
  • EDF and the World Bank announced plans to help Government of Cameroon fund a US$1.2bn 420MW hydroelectric power plant the country's capital, Yaounde
  • Hedge fund Aurelius, through one of its units, Syzygy Capital Management, has filed a legal proceeding in Amsterdam asking the court to declare Oi Brazil Holdings Cooperatif bankrupt
  • Cosan SA Indústria e Comércio's board of directors authorized a subsidiary to sell up to US$150mn in 2027 notes in international markets, according to a report from Reuters
  • The Government of Angola is negotiating a new loan of US$500mn with Gemcorp, an investment fund based in London, according to reports. The move comes after the firm called off talks with the IMF
  • Indonesian state-owned Bank Mandiri has given a US$350mn loan to miner Medco Energi Internasional (MedcoEnergi), which will use the funds to acquire Amman Mineral International (AMI)
  • Moody’s further downgraded Mozambique’s sovereign debt credit rating from “Caa1″ to “Caa3″
  • Sri Lanka launched a US$ 500mn 5.5-year bond at a yield of 5.75% and a US$ 1bn 10-year bond at 6.825%

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