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Daily Roundup

Norilsk Nickel raises US$500mn through loan – Reserve Bank of India cuts rates by 25bp – Brazilian industrial production falls in August – Azerbaijan’s FX reserves fall in September – Union National Bank issues US$600mn bond

Oct 4, 2016 // 5:35PM

Norilsk Nickel has raised US$500mn through an unsecured revolving and ECA-covered bilateral loan.

The Reserve Bank of India has cut its key interest rate by 25bp to 6.25%.

Azerbaijan's foreign currency reserves fell from US$4.193bn to US$4.132 over September according to the country's Central Bank.

Brazil's industrial production fell 5.20% year-on-year in August.

Kazakhstan's Central Bank has cut its key interest rate by 50bp from 13% to 12.5%.

Access Bank has offered a bond swap of US$350mn worth of notes due in 2017 for fresh paper due in 2021.

Union National Bank has issued a US$600mn 5-year senior unsecured bond offering a coupon of 2.750% per year. ANZ, Commerzbank, HSBC, Mizuho, NBAD, and Standard Chartered were the JLMs and joint bookrunners for the transaction.

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