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Daily Roundup

QIIB issues QAR1bn sukuk – Cabei prices first green bond – Bank of Thailand holds rates at 1.5% – Turkish consumer price inflation reported at 8.79% for July

Aug 3, 2016 // 4:47PM

  • Fitch Ratings affirms S.A.C.I. Falabella's long-term foreign and local currency issuer default ratings at BBB+
  • Fitch Ratings downgrades Black Gold Re Ltd's insurer financial strength rating from BBB+ to BBB, the rating has a negative outlook. The rating action follows the downgrade of the long-term local currency IDR of Black Gold's parent company Ecopetrol S.A. to BBB with a negative outlook 
  • Fitch Ratings upgrades Maestro Peru S.A.'s local and foreign currency long-term issuer default ratings and senior unsecured note ratings to BBB+ with a stable outlook from BBB
  • Brazil's real made gains of 0.2% yesterday to 3.2591 to the US dollar as the country's senate resumes impeachment proceedings against Rousseff according to Bloomberg
  • QIIB has issued a QAR1bn sukuk, which will aim to boost the lender's Tier 1 Capital Adequacy Ratios according to a statement from the bank
  • Central American development bank Cabei has priced its first green bond. The rand-denominated 4-year issue amounting to SAR1.032bn (US$73.861mn) is aimed at Japanese accounts in the retail Uridashi market according to Reuters
  • The Bank of Thailand held rates at 1.5% according to Bloomberg
  • Brazil's industrial production rose in June by 1.1% over the previous month Bloomberg reports
  • Turkey's consumer price inflation rose 8.79% in July compared to 7.64% in June according to Schildershoven Finance
  • Steelmaker Usiminas is negotiating its debt with bondholders Schildershoven Finance reports
  • China's Caixin service PMI fell from 52.7 in June to 51.7 in July. Composite PMI was at 51.9 according to Schildershoven Finance
  • India's July composite PMI rose to 52.4 from the previous month. Service PMI stayed at 51.9 in July and manufacturing PMI rose from 51.7 in June to 51.8 in July Schildershoven Finance reports
  • Fitch Ratings has rated Vale's proposed benchmark sized senior unsecured 2026 notes BBB(EXP). The proceeds from the issuance will be used for general corporate purposes as well as the repayment of the company's outstanding 2017 notes. The Wall Street Journal reported that the banks managing the transaction were Banco Bradesco, BB Securities, BNP Paribas, Citigroup and Morgan Stanley

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