Emerging Markets - All News


  • GDS nets $250m from primary share sale

    GDS Holdings raised $250m from a follow-on offering of new shares on Thursday, according to a term sheet seen by GlobalCapital Asia.

    • 06 Dec 2019
  • Serba Dinamik struggles with $200m bond outing

    Malaysian energy services group Serba Dinamik International faced an uphill battle on Thursday when it courted investors for a new bond.

    • 06 Dec 2019
  • GAC-Sofinco drives home tightly priced auto ABS

    GAC-Sofinco Auto Finance, a joint venture between Crédit Agricole Consumer Finance and Guangzhou Automobile Corp, wrapped up a Rmb6bn ($851m) four tranche internationally rated auto ABS deal on Thursday. The trade was priced tightly thanks to the issuer’s good relationship with banks.

    • 06 Dec 2019
  • REC nabs $500m in end of the year deal

    India's REC, formerly known as Rural Electrification Corp, raised $500m from a five year bond on Thursday.

    • 06 Dec 2019
  • Thaco closes debut borrowing with 10 banks

    Vietnamese car manufacturer Truong Hai Auto Corp has closed its debut offshore borrowing, increasing the size of the loan to $210m.

    • 06 Dec 2019
  • Seazen, China South City tap year-end liquidity

    Chinese real estate firms Seazen Holdings Co and China South City Holdings both came to the dollar bond market this week, making use of a narrowing window for issuance before the year ends.

    • 06 Dec 2019
  • Times Neighborhood, Powerlong Commercial to launch HK IPOs

    Times Neighborhood Holdings is set to hit the market with its Hong Kong IPO next week, according to a source close to the deal.

    • 06 Dec 2019
  • China market and policy round-up: trade war jitters return, Huawei loses some domestic support, PBoC signs currency swap with Macau

    In this round-up, conflicting trade war headlines confuse the market, Huawei sues the Federal Communication Commission amid public relations troubles at home and the People’s Bank of China (PBoC) signs a three year bilateral currency swap agreement with the Monetary Authority of Macao.

    • 06 Dec 2019
  • China Merchants Reit nets $328m from HK IPO

    China Merchants Commercial Real Estate Investment Trust has raised HK$2.6bn ($327.6m) from its IPO, breaking a six-year drought of Reit listings in Hong Kong.

    • 06 Dec 2019
  • Kunming Rail debuts strong with dual-tranche bonds

    Chinese local government financing vehicle (LGFV) Kunming Rail Transit Group Co made its inaugural appearance in the dollar market on Thursday, raising $500m after a large price tightening.

    • 06 Dec 2019
  • Daycoval follows BTG as Brazil banks shrug off Trump tariff talk

    Banco Daycoval looked set to become the second Brazilian lender to price a five year senior unsecured bond after setting guidance on Thursday afternoon, as markets appeared to shrug off US president Donald Trump’s latest tariff threat.

    • 05 Dec 2019
  • Mexican Cydsa hits road to chase 2027 tap

    Mexican chemicals company Cydsa has scheduled a roadshow as it looks to reopen a bond that investors say suffers an illiquidity premium. The expected increase in debt has led S&P to assign a negative outlook to the company’s rating.

    • 05 Dec 2019
  • Second time lucky for Andrade Gutierrez’s LM efforts

    Brazilian construction and engineering firm Andrade Gutierrez finally looks set to push out a looming bond maturity after an exchange offer found better take-up than a new issue and tender.

    • 05 Dec 2019
  • Ukraine faces crossroads as Privatbank tensions peak

    Ukraine is approaching a crucial moment in its financial history as a court decision nears on the future of one of its largest commercial banks that will determine the course of foreign investment in the country.

    • 05 Dec 2019
  • Aramco prices historic IPO but clouds Saudi Vision 2030

    Saudi Arabia has completed the largest IPO ever, the listing of its economic crown jewel, the oil producer Saudi Aramco. However, a deal sold almost entirely to local investors was a missed opportunity to secure international backing for crown prince Mohammed bin Salman’s Vision 2030 plan for the country, writes Sam Kerr.

    • 05 Dec 2019
  • IHS Markit and Tadawul plan for indexation of Saudi local bonds

    IHS Markit and Tadawul, the Saudi Stock Exchange, are forming a partnership to create indices for Saudi Arabia’s local currency bond and sukuk markets.

    • 05 Dec 2019
  • CréditAg breaks new ground with first TLAC Panda bond

    Crédit Agricole printed a Rmb1bn ($142m) three year renminbi bond in China on Wednesday. Despite being a senior preferred deal and including write-down and conversion to equity clauses, both new to onshore investors, the Panda still managed to achieve tight pricing and a well-covered book. Rebecca Feng reports.

    • 05 Dec 2019
  • Bohai Bank plans Hong Kong listing of up to $4bn

    China Bohai Bank has begun working with four Chinese banks on a multi-billion-dollar IPO expected in Hong Kong next year, according to a source familiar with the matter.

    • 05 Dec 2019
  • Peking Founder’s bonds tumble as cash crunch leads to onshore default

    Investors have dumped Peking University Founder Group Co’s $2.95bn of dollar bonds after a default by the company in onshore China rattled markets. But despite numerous default situations from the country making headlines this year, market participants are not hitting the panic button just yet, writes Addison Gong.

    • 05 Dec 2019
  • Asian loans bankers nervous amid lull

    Loans bankers are having a tough time at the moment, forced to reflect on a difficult year and struggling for new deals as bonus season looms. They are spending the last few weeks of December tweaking pitches — but most admit they have little confidence about a boom in 2020. Pan Yue reports.

    • 05 Dec 2019