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Macro

On The Horizon in EMs

GFH Financial Group plans US$150mn sukuk – Turkey to raise US$1bn through Islamic debt – Ghana’s COCOBOD gains permission for US$2bn loan facility – Petrobras announces US$6bn bond buyback

Jun 2, 2016 // 5:18PM

Bahrain-based Islamic investment bank GFH Financial Group plans to sell US$150mn in sukuk to repay existing debt

Kuwait's Gulf Bank issued Basel III-compliant KD100mn in bonds

Turkey is said to be raising up to US$1bn in first sukuk sale since 2014, priced around MS+300bp

Egypt signed a US$100mn loan with the Kuwait Fund for Arab Economic Development (KFAED), paying 2% interest over a 25-year period

Ghana’s Parliament has given the Ghana Cocoa Board (COCOBOD) permission to secure up to US$2bn in a syndicated loan to finance the purchase of cocoa beans for the 2016/17 crop season

Nigeria to hold a non-deal roadshow in London next week ahead of potential bond sale

BNDES to sell assets to attract private investment

Petrobras announces US$6bn bond buyback

Brazilian pulp and paper company Eldorado is to meet investors this week ahead of a US$500mn bond sale

Enerji SA is reportedly working on the first corporate CPI-Indexed bond issuance in Turkish market

Macro Global

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