Citi
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Thailand’s PTT Exploration and Production is chasing a potential dollar deal, with an international roadshow beginning on Monday. -
UBS has appointed new leadership for its M&A advisory division for Asia Pacific, following the departure of Alison Harding-Jones.
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Taiwan’s General Interface Solutions, a manufacturer of screens for Apple products, priced a block of Global Depository Receipts on Thursday, raising $207m after hedge funds flocked to the deal.
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India’s Adani Ports and Special Economic Zone fought rocky markets on Thursday afternoon in Asia to seal a 10 year and one month $500m bond.
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Though this week was expected to be something of a write-off for SSA issuance, thanks to Euromoney’s Global Borrowers & Bond Investors forum, a pair of issuers pulled off well-received transactions.
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Recession and lingering sanctions concerns failed to prevent Belarus hammering down on price on its return to the dollar bond market after a six year absence.
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Isbank raised $500m with the 10th deal from a Turkish financial this year with a tidy though somewhat lacklustre trade. While EM bankers suggested it was evidence of some Turkish bank fatigue among investors, the leads said the trade was symptomatic of the weaker market backdrop.
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South Africa-based media group Naspers is looking to add to what has been the busiest month for African issuance since July 2014 but an oil-related sell-off this week suggests that the company may have missed the golden window.
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Belarus returned to the eurobond market for the first time in more than six years on Thursday, releasing initial price thoughts for a dual-tranche dollar deal.
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India’s Federal Bank is set to raise up to Rp25bn ($386.9m) after tapping the equity market via a qualified institutional placement.
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Isbank opened books on Thursday for the 10th deal from a Turkish financial this year, offering a higher than usual new issue premium in the process to account for softer market conditions. While the deal is expected to be well absorbed, for some on the buyside, the risks of an Isbank tier two are too much.
