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DHFC plans to hit the market – Wema Bank mulls NGN50bn bond – Turkey credit rating maintained by Fitch – Akbank secures 8-year loan – RBI names new Governor

Aug 22, 2016 // 5:27PM

  • Dewan Housing Finance Corporation is planning to tap the market when required for Rs10,000 crore according to the company's CMD, Kapil Wadhawan
  • Nigeria's Wema Bank is mulling the issuance of roughly NGN50bn (US$145mn) in Tier 2 capital bonds as it seeks to fund expansion
  • Fitch has affirmed Turkey's credit rating at  'BBB-', the lowest level of investment grade, but lowered the country's outlook from stable to negative following the mid-July coup attempt
  • Turkey’s Akbank secured a US$250mn 8-year loan which the bank will use to support SMEs in the country
  • The Central Bank of Turkey meets Tuesday and is expected to cut the overnight lending rate 25bp to 8.5%, analysts at BBH suggest
  • The Reserve Bank of India has appointed Urjit Patel as its new governor. Patel, a Yale-trained economist, is a known inflation hawk
  • The Bank of Indonesia has kept the reference rate unchanged at 5.25% and the deposit rate 4.5%
  • Chilean electricity provider and distributor AES Gener's credit rating has been affirmed at BBB- stable by Fitch Ratings
  • Colombian holding company Grupo Sura's long-term foreign and local currency IDR has been been affirmed at BBB- stable by Fitch Ratings
  • Angamos’ long-term foreign and local currency IDR has been affirmed at BBB- stable by Fitch Ratings
  • Guacolda's long-term IDRs have been affirmed at BBB- stable by Fitch Ratings

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