Call us on
+44 (0) 207 045 0920

Daily Roundup

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.

Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.

Want full access to weekly Macro insight sessions & market-leading virtual conferences?


Upcoming Virtual Conferences

Next Macro Insights Presentation

Recommended Stories