EM market still live despite pulled deals

Emerging market coins money debt from Adobe 230x150
By Lewis McLellan
11 Nov 2019

Despite two pulled deals over the last two weeks in emerging markets, bankers are still confident that, for the right issuers, the market is still healthy.

Dubai’s Averda, a B1/—/BB rated waste processing service, was forced to postpone a deal last week after offering initial price thoughts of mid 9% area for a $325m deal.

The pulled deal comes after Pearl Petroleum pushed back plans for a debut dollar bond following a roadshow in ...

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