SSA

  • Dim sum market surprises as ADBC sees hot demand for rare 10 year

    Dim sum market surprises as ADBC sees hot demand for rare 10 year

    Agricultural Development Bank of China returned to the offshore renminbi market this week with a Rmb5.7bn ($854m) triple-tranche transaction. The deal featured a rare 10 year tenor in the dim sum market, showing the potential for more long-dated CNH funding. Addison Gong reports.

  • ADBC adds 10 year to dim sum curve

    ADBC adds 10 year to dim sum curve

    Agricultural Development Bank of China returned to the offshore renminbi market this week with a Rmb5.7bn ($854m) triple-tranche transaction that featured a rare 10 year tenor for dim sum bonds.

  • What trade war? China nabs US bid with 144A

    What trade war? China nabs US bid with 144A

    China raised a combined $6bn from a four tranche transaction on Wednesday, turning to US investors for the first time despite rising tensions between the two countries. It appeared a smart move, helping the bonds price well inside fair value. Morgan Davis reports.

  • Thai Exim prices tight dollar market return

    Thai Exim prices tight dollar market return

    Export-Import Bank of Thailand priced its $350m bond inside fair value on Tuesday, riding on its scarcity value in the international market, as well as a reasonably slow week for deal flow in Asia.

  • Temasek goes long for dollar return

    Temasek goes long for dollar return

    Singaporean sovereign wealth fund Temasek made a successful return to the dollar bond market on Tuesday, raising $2.75bn from 10 year, 30.5 year and 50 year bonds.

  • Sri Lanka rating cut to Caa1 amid uncertainty

    Sri Lanka rating cut to Caa1 amid uncertainty

    Sri Lanka is facing serious fiscal pressure, a result of the dire economic impact of the coronavirus. That led to a downgrade from Moody’s this week, which lowered its rating by two notches. All three major rating agencies have now downgraded the country this year.

  • Mongolia entices investors with tender, new bond

    Mongolia entices investors with tender, new bond

    Mongolia returned to the dollar bond market on Monday, ending a nearly three year hiatus. The sovereign borrower pulled off a $600m liability management exercise that has taken care of the country’s upcoming bond maturities.

SSA Bonds news archive