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Daily Roundup

NTPC launches INR20bn green bond – Ghana cancels planned US$500mn Eurobond sale – Bancomext upsizes bond to US$700mn on high demand – NLMK and Severstal both upgraded to IG by S&P Global Ratings

Aug 5, 2016 // 5:06PM

  • NLMK Group's long term credit rating has been upgraded by S&P Global Ratings from BB+ to BBB- with a negative outlook the company said in a press release, which also noted that NLMK's rating is now higher than that of the Russian sovereign
  • Arca Continental's long-term foreign currency IDR was affirmed at A by Fitch Ratings, which also upgraded Lindley, of which Arca owns a large share, to BBB+
  • Malaysia Debt Ventures Bhd (MDV) plans to raise MYR1bn in sukuk in Q4 this year to increase its lending ability, the company's managing director and CEO has said. The new sukuk would likely have a tenor of between 10 and 15 years
  • NTPC has launched an INR20bn (US$298mn) green bond maturing in August 2021 at 7.375% according to a statement on the company's website
  • Ghana will not go ahead with a planned US$500mn Eurobond Reuters reports.
  • Empresa Nacional de Petroleos (ENAP) issued a US$700mn 10-year bond with a 3.75% coupon to yield 3.951% on Tuesday. The orderbook reached US$3.5bn. Active bookrunners were Citigroup and JP Morgan Reuters reports
  • Bancomext upsized its US$500mn 10-year non-call 5 bond to US$700mn after demand reached US$3.5bn Reuters reports
  • Taiwan's CPI rose by 1.23% year-on-year in July up from 0.9% in June
  • The Philippines reported July CPI at 1.9%
  • Severstal's long-term corporate credit rating has been raised from BB+ to BBB- with a negative outlook by S&P Global Ratings according to Schildershoven Finance

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