Saudi Arabia is expected to raise up to US$17.5bn in its first international bond sale, the largest in EM history. The bond will include 5, 10 and 30-year tranches and is expected to price at 2.63%, 3.44% and 4.64, respectively, according to data from Bloomberg. The bond has reportedly drawn upwards of US$67bn in orders.
Qatar's Al Faisal Holding is planning to raise around US$200mn through a debut sukuk according to sources speaking to Reuters.
The Central Bank of Nigeria has reportedly passed a measure preventing borrowers which do not earn revenues in foreign currency from accessing dollar denominated loans, the CBN's latest attempt to manage the fallout following the country's shift to a floating exchange rate.
China’s State Grid Corp. said it plans to raise up to CNY10bn (US$1.48bn) in green bonds to construct five high-voltage transmission lines, boosting the uptake of renewable energy from western China in the nation’s central regions.
Kuwait's Ahli United Bank launched a US$200mn (NC5) perpetual sukuk with a re-offer yield of 5.50%. Citigroup, Credit Agricole and Credit Suisse are the joint bookrunners on the deal.
UAE-based Islamic lender Ajman Bank is said to be raising a US$205mn murabaha facility, according to Reuters.
Lukoil is considering issuing new debt on the international capital markets, according to sources speaking to Reuters.
Gazprom is looking to go on a roadshow ahead of a possible Eurobond offering, and is also considering issuing Swiss-franc denominated bonds at the end of November.
The Chilean Central Bank left interest rates unchanged at 3.5%.
Uganda Central Bank cut its main rate by 100bp to 13%, and signaled more easing measures could be on the horizon.
Oman’s Central Bank plans to float OMR150mn worth of government development bonds towards the end of the year in a bid to raise funds to repay outstanding bonds.