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Emerging Markets

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Six Middle Eastern and Asian banks are bookrunners on DAE's first loan since completing acquisition of Macquarie AirFinance
Africa’s largest IPO backed by Africa-focused Pan-African Refinery Investment after agreeing to $1bn underwriting programme
Treasury yields and oil continue to rise

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  • Singapore-based consumer internet company Sea, whose New York-listed shares have soared by more than 400% this year, is looking to take advantage of that positive sentiment to raise around $2bn from a new equity offering.
  • The Kingdom of Morocco sold a triple-tranche dollar deal on Tuesday, which bankers say was a successful attempt to enter into a rarely tapped market upon investors’ requests.
  • ESR Kendall Square real estate investment trust is set to debut on South Korea’s main board this month, having wrapped up the final stage of a W357bn ($329m) IPO.
  • Goldman Sachs is leading the race to fully own a Chinese securities company. It has agreed to buy all the outstanding shares in its 16-year old joint venture, Goldman Sachs Gao Hua Securities, from its onshore partner.
  • Chinese local government financing vehicle (LGFV) Guangzhou Development District Financial Holdings Group Co attracted strong support for its $500m bond, driven largely by the syndicate banks running the deal.
  • Seazen Holdings Co, a Chinese real estate developer, sold a $450m bond on Tuesday that was paired with tender offers for two notes coming due next year.