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.