Daily Roundup

Togo set to issue 10-year sukuk – Venezuela’s PDVSA could soon announce debt swap – The Asian Development Bank issued rupee-linked bonds – Ukraine will not pay US$3bn owed to Russia

Jul 29, 2016 // 8:41AM

  • Togo is set to sell a CFA150bn (US$251.40mn) 10-year sukuk with a 6.5% yield. It is the first Islamic finance instrument to come from the country Reuters reports
  • The Asian Development Bank issued Rs500cr in 5-year offshore Indian rupee-linked bonds
  • China Fishery Group has filed for bankruptcy. The recovery process now rests on whether the company can sell its Peruvian assets according to Bloomberg
  • The head of Venezuela's PDVSA has said that a debt swap for longer maturities will soon be announced
  • Elementia received an ECA backed credit line
  • Africa Israel Investments, entirely owned by bondholders, is set to receive another ILS500mn, bringing its total net debt to ILS2.2bn
  • Mexico City Council could authorise a US$12.5mn bond project for housing developments
  • Ukraine's Finance Minister has said the country will not pay the US$3bn in debt owed to Russia from former President Yanukovich 

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