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Russian Central Bank keeps rates at 10.5% – Cote d’Ivoire set to launch CFA120bn bond – Indian Exim Bank raises US$1bn – Fitch expects Brazil’s economic contraction to weaken

Jul 29, 2016 // 6:04PM

  • Fitch Ratings said in a report that it expects a 3.3% contraction in Brazil's economy for this year. The outlook has improved since March. The report also noted that the country's economy is expected to grow by 0.7% in 2017 and 2% in 2018
  • Yes Bank said in a research note it expects a further rally in 10-year Indian government securities, which could see yields fall to below 7% before the end of the 2017 fiscal year. The last time yields were under 7% was in July 2009
  • Adani Transmission Ltd (ATL) raised US$500mn from the global markets to refinance its existing debt at cheaper costs
  • India Exim Bank raised US$1bn in 10-year bonds. JLMs and bookrunners were Bank of America Merrill Lynch, Barclays, Citi, JP Morgan and Standard Chartered
  • The Cote d'Ivoire is set to launch a CFA120bn (US$202.86mn) 3-month bond according to AUT, the West African Debt Planning Agency. The bond will be sold with multiple interest rates and will be sold to investors across the franc-currency zone Reuters reports
  • South African Central Bank figures released today show that credit growth for June increased to 7.3% year-on-year from 6.6% in May
  • Taiwan's economy grew 0.69% year-on-year in Q2 official figures released today show
  • The Russian Central Bank has kept its main interest rate on hold at 10.5% following a policy meeting today

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