By Reuters Staff
1 Min Read
DUBAI, Jan 20 (Reuters) - Bahrain has tightened the guidance and indicated the tranche sizes for a three-part U.S. dollar-denominated bond deal via which it is expected to raise $2 billion, a document showed on Wednesday.
It is expected to sell $500 million in seven-year bonds at 4.5% to 4.625%, $1 billion in 12-year bonds at around 5.5% and $500 million in 30-year bonds at around 6.5%, according to the document from one of the banks arranging the deal, which is expected to close later on Wednesday.
Bahrain has received more than $7.5 billion in combined orders. Earlier on Wednesday, it had given initial price guidance of around 4.875% for the seven-year tranche, around 5.75% for the 12-year notes and around 6.75% for the 30-year bonds. (Reporting by Yousef Saba; Editing by Jon Boyle)
Kenya has secured a debt repayment moratorium from China which will save it 27 billion shillings ($245.23 million) in the period to June, its finance minister said on Wednesday.
By Reuters Staff
3 Min Read
BRASILIA, Jan 20 (Reuters) - Latin American economies will rebound this year from last year’s recession but the risks to that outlook are almost all skewed to the downside, analysts at Fitch Ratings said on Wednesday, citing in particular the evolution of the COVID-19 pandemic.
Slower growth would also compromise government efforts to get deficits and debt back on a more sustainable, downward path, just as public pressure to spend in the face of the second wave of the virus grows, they warned.
Shelly Shetty, managing director for Sovereigns at Fitch, said that how the region weathers the second wave, the pace of vaccine distributions, the volume of shots to be rolled out and generally weak public health systems all bear monitoring.
By Reuters Staff
2 Min Read
Jan 20 (Reuters) - Sri Lankan shares ended nearly 1% higher on Wednesday, boosted by financial and industrial stocks. The benchmark stock index ended up 0.97% at 7,884.45. The index has now notched 15 sessions of gains out of 16 sessions. Trading volume on the CSE All Share Index fell to 287.96 million from 690.06 million in the previous session. Holding company Hayleys Plc and investment company Vallibel One Plc were the top boosts to the index, gaining 14.5% and 10.1%, respectively. Foreign investors were net sellers, offloading 774.2 million rupees ($3.97 million) worth of shares, according to exchange data. India’s foreign ministry on Tuesday said COVID-19 vaccine shipments to Sri Lanka were awaiting regulatory clearances.