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Daily Roundup

Alba upsizes loan – Nigeria makes plans for inaugural green bond – O1 Properties mandates banks for dollar trade – Kenya suspends listing Eurobond on NSE – IIF: Growth in EM Europe, Asia subdued

Sep 12, 2016 // 5:12PM

Aluminium Bahrain is more than doubling the amount on a credit facility currently being negotiated by the firm to US$1.5bn, which will be used to fund the completion of the Line 6 project. Gulf International Bank, JP Morgan, and National Bank of Bahrain arranged the loan.

Nigeria's Federal Ministry of Environment has held a meeting with key stakeholders as it looks to issue its inaugural green bond, the proceeds of which will be used to fund the country’s various climate initiatives.

Growth in emerging EMEA and Asian countries decelerated by 0.2% and 0.4% to 1.9% and 7% in August, respectively, according to new figures published by the IIF.

O1 Properties, a Russian real estate investment company has mandated banks for fixed income investor meetings in the US and Europe with the view to issue a dollar-denominated bond subject to market conditions.

The Lagos State government has concluded plans to issue NGN60bn this year as part of a NGN500bn bond programme being rolled out over the next three to five years.

Kenya has suspended a plan to cross-list its US$2bn Eurobond on the Nairobi Securities Exchange until it can ensure foreign investors are allowed to trade on the exchange without local intervention, according to a report from EastAfrican.

Azerbaijan's Central Bank has increased its key interest rate to 15% from 9.5%.

Malaysian industrial production rose 4.1% year-on-year in July, down from 5.3% growth year-on-year in June.

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