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MTN Group looking for two tranche US$1bn bond – Colombian CPI falls – India’s services PMI falls – Poland sells PLN6bn in new government paper including new 10-year benchmark bond – Argentina opens orderbooks on dual-tranche 10-year euro-denominated bond

Oct 6, 2016 // 5:26PM

MTN Group is looking for a US$1bn bond split between two US$500mn tranches of 5 and 10 years according to sources speaking to Bloomberg. The 5-year tranche is being offered with a yield of 5.375% to 5.5% and the 10-year tranche is being marketed at around 6.5%. The issuer has been out of the markets since 2014.

Colombian CPI fell to 7.27% year-on-year in September, down from 8.10% year-on-year in August according to Banco de la Republica Colombia.

India's services PMI fell to 52 in September, down from 54.7 in August.

Poland's Finance Ministry has raised PLN6bn (US$1.5bn) at an auction today according to Bloomberg, which included a new 10-year benchmark bond. The sale is the first of four to be conducted by the end of the year as part of a plan to sell PLN28bn.

Fitch Ratings has noted that the Association of South East Asian Nations (ASEAN) banks face risks from a rise in debt and exposure to events in China.

Argentina has opened the orderbooks on its 10-year dual tranche euro-denominated bond with pricing at around 5.625%, according to Reuters.

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