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  • Power company Genneia has become the latest Argentine company to look to refinance bonds with an exchange considered distressed by rating agencies, as capital controls in the country limit corporate issuers’ access to hard currency. Unusually, the distressed exchange will result in the issuance of green bonds.
  • Andrés Pérez, who has led Chile through two consecutive record breaking years of international bond issuance, has left his position as head of international finance at the Latin American sovereign to become chief economist at Itaú Chile.
  • Bankers working on Rwanda’s second ever international bond on Monday said that the issuer was benefiting from its prudent approach to bond market borrowing, as analysts called the liability management exercise positive for the African sovereign’s debt management.
  • Hong Kong’s Securities and Futures Commission has hit UBS and its securities unit with a combined HK$11.55m ($1.5m) in fines for regulatory breaches.
  • Indian agribusiness company Adani Wilmar has filed draft documents with the securities regulator for a Rp45bn ($605.6m) IPO.
  • Indian power finance company REC, formerly known as Rural Electrification Corp, has mandated five banks for a $600m loan.