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Niger plans CFA35bn issuance – Isagen to issue US$100mn later this month – UAE government overhauls bankruptcy laws – VEB signs syndicated loan deal with Chinese lenders – Chinese banks make big green financing strides

Sep 5, 2016 // 5:07PM

Niger plan to issue CFA35bn (US$59.67mn) in 5-year bonds on September 15, according to a recent note from regional public securities advisory agency UMOA-Titres. The notes are expected to pay a 6% coupon.

Colombian utility Isagen plans to sell up to COP300bn (US$100mn) in notes ranging between 1 and 15 years in tenor, according to a note to investors. The sale is expected ot take place September 13.

The UAE government has approved new bankruptcy and insolvency laws that are expected to help improve funding access for SMEs and business confidence in the region

Russian state development bank VEB has signed an agreement to raise up to CNY10bn (US$1.5bn) through a syndicated loan managed by Baoshang Bank, Bank of Chaoyang, Bank of Fuxin, Bank of Ganzhou, Bank of Juijiang, Bank of Weifang, Bank of Zhengzhou, Harbin Bank Financial Leasing, Harbin Bank and New China Trust. Harbin Bank is coordinating the deal

The Securities and Exchange Commission of Pakistan (SECP) has overhauled its rules on Islamic finance and has granted tax neutrality to sukuk, putting Islamic notes on par with conventional bonds in terms of tax treatment.

Chinese banks provided a total of CNY7.26tn (US$1.09tn) in renewable project financing by the end of June this year, according to a statement by the China Banking Regulatory Commission (CBRC) last week.

The Central Bank of Oman (CBO) plans to issue OMR100mn in 6-year government development bonds (GDBs) yielding 5% at the end of the month.

Rwanda has signed a deal with Mota-Engil to build an international airport that is estimated to cost approximately US$818mn. The government has reportedly kicked in up to US$414mn in equity ot help fund the deal.

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