Brazil’s Dollar Bonds Dip On Government Plans to Breach Spending Cap
Brazil’s dollar bonds dipped on Friday amid signals from the economy minister and president that the government will breach its fiscal ceiling to boost welfare spending. This caused the resignation of four senior Treasury officials. The real fell as much as 1.1%...
Erdogan Fires Three Monetary Policy Members who were Vary of Low Rates
Turkish President Erdogan fired two Deputy Governors, Semih Tumen and Ugur Namik Kucuk, and another monetary policy member Abdullah Yavas after meeting central bank chief Sahap Kavcioglu. Bloomberg reports that the three members were opposed to his calls for lower...
Sri Lanka Scraps $1.5bn Bond Buyback
The Sri Lankan central bank on Monday said that it has scrapped plans to buy back $1.5mn of its dollar sovereign bonds given the tepid interest from bondholders at the current discounted prices. The central bank said, “It is clear that the large majority of ISB...
China Plans $4bn Sovereign bonds in October
China plans to issue $4bn of sovereign bonds to institutional investors on October 19 as per a statement seen on the Ministry of Finance’s website by IFR. The bond issuance would contain four tranches that include a 3Y, 5Y, 10Y and 30Y with no other details were...
