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Bahrain launches US$2bn in conventional and Islamic issuance – South Korean CPI increases – Bank Otkritie issues US$400mn bond – TNB Global Ventures Capital Bhd launches US$2.5bn sukuk programme – Taiwanese inflation falls

Oct 5, 2016 // 5:14PM

Bahrain has launched US$2bn in debt, split between a US$1bn conventional tranche and a US$1bn Islamic tranche according to a source speaking to Reuters. The 7-year sukuk will price at 5.625% and the 12-year conventional tranche will price at 7%. The deal is being led by Bank ABC, BNP Paribas, Credit Suisse, JP Morgan and Standard Chartered.

TNB Global Ventures Capital Bhd has created a US$2.5bn multi-currency sukuk programme which will be used to fund general corporate purposes. BNP Paribas, CIMB, Citigroup and HSBC are joint arrangers for the programme, with CIMB as lead advisor.

South Korean CPI increased 1.2% year-on-year in September according to figures from Statistics Korea, which was up from 0.4% in August. The new figure is now within the target range of between 1-3%.

Poland's Central Bank has kept its key benchmark rate unchanged at 1.5%.

Taiwan's CPI fell year-on-year to 0.33% in September from 0.57% in August according to National Statistics Taiwan.

Philippine CPI rose 2.3% year-on-year in September, up from 1.8% year-on-year in August. This puts it back within the target range of 2-4%.

Bank Otkritie has issued US$400mn in 3-year senior unsecured bonds at 4.50%.

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