- National Bank of Oman is planning a US$100mn re-tap of its existing 2019 notes, according to a report from Reuters
- National Bank of Kuwait has provided a US$280mn loan to Kuwait Styrene Co., the firm said this week
- Lafarge Africa is considering raising new dollar debt to refinance existing obligations as its cashflows take a hit in the wake of the introduction of Nigeria's flexible exchange rate regime
- The Government of Brazil plans to amend the country's constitution to enshrine the independence of the Central Bank according to its governor, Ilan Goldfajn
- Celulosa Argentina is expected to price a 7-year dollar bond today, according to a report from Reuters. The company is also said to have reduced the size of the notes from US$250mn to US$150mn
- Inflation in Angola accelerated to 31.8% last month from 29.2% in May, the highest levels seen in over 5 years. The country is currently negotiating a bailout with various funding sources after calling off talks with the IMF
- BRICS New Development Bank (NDB) will issue its inaugural five-year green bonds valued at CNY3bn (US$448.9mn) in China's interbank market on July 18, the bank announced this week
- Kuwait is looking to privatize segments of its oil and gas sector over the next 5 years, according to officials at the country's MoF
- Turkey's Yapi Kredi issued a US$550mn 7-year bond at 4.625%, inside IPTs - which were around 4.75%
- Hungary's Central Bank plans to cap benchmark deposits to avoid a rate cut and stimulate the economy
- Russia's State Transport Leasing Company sold US$500mn 5-year bond at 5.95%, after securing over US$2bn in bids from 160 accounts
- China reported trade metrics this week. Chinese exports increased by 1.3% year-on-year in June while imports contracted by 2.3%, compared to expectations of a 0.3% increase and a 1.2% contraction, respectively
- The Central Bank of Malaysia has cut its interest rate by 25bps to 3.25%, its first rate cut since 2014
- Chile's Ministry of Finance dropped its growth forecast from 2% to 1.75% for the fiscal year, and the country's fiscal deficit widened to 3.2%
Daily Roundup
NBO plans US$100mn re-tap – Lafarge Africa mulls dollar funding – BRICS Bank plans inaugural green bond – Yapi Kredi hits the market
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