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Daily Roundup

AfDB issues US$1bn notes – Colombia expected to hike rates – Russia to keep rates steady – JSW Steel plans new bond issue

Jul 25, 2016 // 5:38PM

  • The African Development Bank (AfDB) issued US$1bn in notes due 26 July 2021 paying a coupon of 1.25%
  • South Korea reports Q2 GDP Tuesday, which is expected to grow 3.0% year-on-year compared with 2.8% in Q1. It reports June IP Friday, which is expected to rise 0.2% year-on-year, compared with 4.3% in May, according to BBH
  • Hungary's Central Bank meets Tuesday and is expected to keep rates steady at 0.90%
  • Turkey reports June trade figures Friday, which is expected at -$6.4bn
  • Russia’s Central Bank is expected to keep rates steady at 10.5% when it meets Friday, according to Bloomberg
  • Colombia's Central Bank is expected to once again hike rates by 25bp, bringing the country's main benchmark rate to 7.75%, according to research from Capital Economics
  • Africa50, a group sponsored by the AfDB and tasked with stimulating investment into projects, announced new plans to mobilise over US$1bn for infrastructure spending
  • JSW Steel plans to place USD or INR notes of about US$750mn
  • Petrobras inked a deal to sell its portfolio of Chilean assets, for US$464mn

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