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Brazil receives BRL50.9bn from tax amnesty law – Azerbaijan’s FX reserves drop to US$4bn – Nigerian Senate rejects US$30bn infrastructure borrowing plan – Greenko looks to raise US$300mn to refinance SunEdison assets – Argentina’s tax revenues rose by 24.4% year-on-year¬ in October

Nov 2, 2016 // 6:41PM

Turkish manufacturing PMI rose to 49.80 in October from 48.30 in September according to Markit Economics.

Russia's manufacturing PMI rose from 51.1 in September to 52.4 in October according to Markit Economics.

Indian renewables operator Greenko is likely to raise between US$250mn and US$300mn in debt to refinance the outstanding liabilities of SunEdison India's assets, which it recently acquired for US$392mn, according to sources speaking to Livemint.

The Brazilian government has received BRL50.9bn (US$15.8bn) through an amnesty law for undeclared assets held abroad, significantly higher than the US$10bn the country's Central Bank expected to be raised from the amnesty.

Mexico City is close to issuing a bond of up to MXN4.5bn, depending on investor interest, the notes will carry a bullet maturity and fixed interest rate and have a tenor of either 5 or 10 years. Some proceeds of the bonds could also be used to finance 'green' projects, according to a press release from Moody's, which rated the proposed bonds (Mexican scale) and A3 (Global local currency scale).

The Colombian government has announced that it will swap COP2tn (US$673.9mn) of public debt with the country's Treasury. Fixed rate bonds due in 2022, 2026, 2030 and inflation-linked debt due in 2021, 2025 and 2035 will be swapped for Treasury bonds (TESs) due in 2017 and 2018.

Brazilian IP decreased by 4.80% year-on-year in September, up from a 5% year-on-year decline in August according to the Instituto Brasileirode Geografica e Estatistica (IBGE).

Argentina's tax revenues rose 24.4% in October from a year earlier to ARS167.196bn (US$11.1bn), as part of a tax amnesty on covering undeclared assets.

China's Caixin manufacturing PMI rose to 51.2 in October, up from 50.1 in September according to Markit Economics.

Azerbaijan's foreign currency reserves declined to US$4.005bn as of October 31 from US$4.132bn a month earlier, the country's Central Bank said on Wednesday.

Nigeria's Senate dealt President Muhammadu Buhari an unexpected blow on Tuesday by rejecting his plan to borrow US$30bn abroad for infrastructure projects and budget support until 2018. Reports in local media indicated the bill was rejected “on a technicality”.

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