Call us on
+44 (0) 207 045 0920

Daily Roundup

Mexico raises US$2.76bn in dual-tranche bond – Samvardhana Motherson issues US$100mn bond – Bahrain looking to issue third benchmark-sized Eurobond this year – Nigeria looking for banks to arrange US$1bn bond sale

Aug 9, 2016 // 5:35PM

  • 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

Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.

Want full access to weekly Macro insight sessions & market-leading virtual conferences?

Subscribe

Upcoming Virtual Conferences

Next Macro Insights Presentation

Recommended Stories