- Samvardhana Motherson Group, the Indian auto parts company has raised US$100mn in a 5.5-year international bond sale, which saw demand reach US$400mn. The bond’s coupon of 4.44% came in below IPTs of 4.5%. The Reg S bonds are to be listed on the Irish Stock Exchange. Barclays, HSBC and Standard Chartered were mandated to lead the transaction, according to banking sources quoted speaking to PTI
- Bahrain is looking to issue a third Eurobond this year as it searches for banks to arrange a sale of a benchmark-sized Eurobond according to sources speaking to Bloomberg
- The Kenya Bankers Association and Nairobi Securities Exchange have said in a joint statement that by April 2017 a green bond will have been issued from the country
- Mexico has raised US$2.76bn in a dual-tranche bond, split between a re-tap of its 4.125% 2026s and a new 30-year bond. The re-tap amounted to US$760mn at T+145bp, whilst the 30-year bond was worth US$2bn at T+205bp. The joint bookrunners were BBVA, Bank of America Merrill Lynch and Credit Suisse. The orderbook reached around US$9bn, Reuters reports
- China's CPI rose 1.8% year-on-year in July, down from 1.9% in June. PPI fell by 1.7% year-on-year in July
- The Reserve Bank of India has kept rates on hold, leaving the repo rate and reverse repo rate unchanged at 6.5% and 6% respectively
- Nigeria is looking for an advisor or manager for a US$1bn bond sale according to Schildershoven Finance
- Moody's has said in a statement that the Islamic Corporation for the Development of the Private Sector (ICD) benefits from strong liquidity, but weak asset quality
- Czech CPI rose 0.5% year-on-year in July, up from 0.1% in June
- Hungarian CPI fell 0.3% year-on-year in July, down from 0.2% in June
- Mexican CPI rose 2.65% year-on-year in July, up from 2.54% in June