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Empresas ICA SAB signs a US$215mn loan - Argentina's Arcor looking for a US$300mn bond - Russia's SUEK could add US$200mn tranche to loan

Jun 20, 2016 // 5:17PM

Mexico’s Empresas ICA SAB signed a US$215mn convertible loan with Fintech Europe SARL.

Petrobras Argentina is looking to raise US$500mn in 10-year notes to fund the tender of US$300mn of its outstanding 2017 notes. Citigroup and Deutsche Bank are working on the deal.

Argentina’s Province of Salta completed a roadshow for a 144A/RegS bond. Citigroup and Deutsche Bank are working on the deal.

Mexican real estate developer Grupo GICSA has completed a roadshow for a dollar bond. JP Morgan and Santander are working on the transaction.

Argentine confectionary and biscuit company Arcor is planning a US$300mn 10-year bond.

Citigroup and Credit Suisse are helping Celulose Argentina in preparations to issue up to US$250mn in bonds.

Russian thermal coal producer SUEK could raise US$200mn through an additional tranche to a US$1bn loan signed in February, which has the option to increase in size to US$1.3bn. China Construction Bank Corporation amongst other lenders is expected to sign a new tranche soon.

Saudi Arabian Bank Al Bilad has received regulatory approval for a Tier 2 capital boosting 10-year sukuk worth up to SAR2bn (US$533.3mn). The sukuk can be recalled after 5 years.

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