Daily Roundup

Gazprom Neft sees strong demand from institutional investors on 30-year bond – Sharjah Islamic Bank to issue benchmark-sized bond – AfDB approves loans to Nigerian banks – Kenya to impose lending and deposit rate caps

Aug 25, 2016 // 5:10PM

Gazprom Neft issued a RUB15bn local-currency bond with a 30-year tenor. The notes include a 5-year put option and pay a semi-annual coupon and 9.4%, with a spread of 90bp over the sovereign curve. Bank GPB, Sberbank CIB and VTB Capital arranged the transaction

Sharjah Islamic Bank is planning a benchmark-sized US dollar-denominated sukuk. Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, HSBC, KFH Capital, Maybank, Noor Bank, QNB Capital and Standard Chartered will arrange meetings in Asia and Europe according to a statement from the bank

African Development Bank (AfDB) has approved a US$300mn and US$50mn loans to First Bank of Nigeria and FSDH Merchant Bank Nigeria, the bank has said

Kenya plans to impose lending and deposit rate caps, seemingly against the advice of the Central Bank of Kenya - which has opposed the bill

Nicaragua has approved a US$58.7mn loan from development bank Cabei to finance a the Muy Muy-Matiguás-Río Blanco road project

China Orient Asset Management Corporation issued a US$650mn 5-year bond as part of the company's MTN programme

South African Finance Minister Pravin Gordhan is reportedly still under investigation by a special police division, with his most recent summons by police division sending markets broadly downward in the country

The UAE has parked US$1bn in Egypt's Central Bank in order to help shore up the country's deal with the IMF

South African CPI increased 6.0% year on year in July, down from 6.3% year on year in the previous month. Core CPI grew 5.7% year on year

Colombian lawmakers have reached a final agreement with Revolutionary Armed Forces of Colombia (FARC) that will see the latter gain official political representation in the country's Congress and Senate

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