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Emerging Markets

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Cost of printing a five year bond has fallen a long way since October
The bank is considering bond issuance in currencies other than the euro
◆ Intesa Sanpaolo's Slovakian arm is a frequent issuer ◆ Banker said 33bp could be through FV ◆ CEE covereds offer the widest spread, ABN wrote

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  • Citi has picked Elissar Farah Antonios to be its new cluster head for the Middle East and North Africa, a newly created role.
  • The Loan Market Association has got its contractual ducks in a row as it prepares to launch a new platform to automate parts of the documentation process for loans and ancillary services, with the industry body looking to start the service early next year.
  • Credit Suisse has hired ex-UBS banker and former banking regulator Alan Wang as its chief operating officer for China.
  • Too many Chinese investors focus on the originator more than the asset pool. That undermines one of the crucial purposes of securitization.
  • Chinese property developer Logan Group Co courted investors with a six year bond on Monday, raising $300m from a solid order book of $3.3bn.
  • Suzhou SND Group Co, a Chinese local government financing vehicle (LGFV), got lukewarm support for its debut dollar bond on Monday, forcing it to offer a bit of premium to get its deal past the finish line.