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On The Horizon in EMs

Deals, rating actions, currency movements, policy changes, and the occasional bit of hearsay. Here is your daily snapshot of what’s happening, and what’s on the horizon, in emerging markets.

May 27, 2016 // 5:28PM

Indonesia's Financial Services Authority ( OJK ) is looking for more sukuk issuance from state-owned enterprises ( SOEs )

Turkey is roadshowing a sukuk. Emirates NDB, HSBC and Standard Chartered are arranging the transaction

Fitch Ratings downgraded the long-term debt rating in national and foreign currency of Mozambique from 'CCC' to 'CC'

MTN Uganda, a unit of South Africa's MTN Group , secured a US$114mn loan to fund a network roll-out. Stanbic Bank Uganda was MLA, joined by Citi, Standard Chartered and Barclays

The Islamic Development Bank has given its initial agreement to provide US$3bn in loans and grants to Iraq

China sells CNY3bn (US$457) in London

Bladex leads syndication of US$40mn 3-year senior unsecured trade finance facility for Panama's Metrobank

Oman's parliament voted to raise taxes on the petrochemical industry, non-oil natural resources and liquefied natural gas companies

Ukraine’s central bank cut its benchmark interest rate for a second month, from 19% to 18%

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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.

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