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Khazanah Nasional Bhd raises US$399mn in convertible sukuk – QIB hits the market with perpetual AT1 – eHi Car Services lands syndicated loan – Mozambique replaces CB governor with IMF official – US steps up sanctions against Russia

Sep 2, 2016 // 4:12PM

Malaysia's Khazanah Nasional Bhd raised US$399mn (RM1.622bn) in convertible 5-year sukuk. The notes can be exchanged into shares in Beijing Enterprises Water Group Ltd (BEWG).

Qatar Islamic Bank priced a QAR2bn (US$549mn) Basel III-compliant Additional Tier 1 perpetual sukuk this week in a bid to enhance the bank's capital ratios.

China's eHi Car Services raised US$150mn in a syndicated loan deal this week, consisting of a US$110mn greenshoe facility and an additional US$40mn loan. The facility was arranged by Deutsche Bank and priced at LIBOR+350bp. It will be used to refinance existing debt.

Bank of the Philippine Islands closed a US$400mn 3-year syndicated term loan facility, upsized from US$250mn on the back of strong demand. Mandated lead arrangers on the deal were ANZ, HSBC, Mizuho and Standard Chartered Bank, and bookrunners included Commerzbank, SMBC, United Overseas Bank, Bank of America Merrill Lynch, Hua Nan Commercial Bank, and Mega International Commercial Bank Co.

The US has stepped up sanctions against Russian firms looking to help construct a bridge linking the Russian mainland to annexed Crimea.

Sberbank is looking to boost its relationships with Chinese banks and is reportedly mulling the issuance of yuan-denominated debt later this year, according to reports in TASS

Mozambican President Filipe Nyusi appointed Rogerio Lucas Zandamela, an IMF official, as central bank governor to replace Ernesto Gove as the country looks to restore confidence in its economy

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