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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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  • Ghana Cocoa Board (Cocobod), the central organisation of Ghana’s cocoa industry, has raised its annual syndicated loan. But the borrower did not have an easy ride and had to concede much higher margins, according to bankers.
  • SSA
    The economic impact of Covid-19 has pushed up sovereign funding requirements around the world but while Hungary is no exception, the strategy of its Government Debt Management Agency (AKK) has left it in a strong position to weather the impact.
  • Lippo Malls Indonesia Retail Trust is in discussions with banks for a S$120m ($87m) loan that will support its acquisition of shopping malls in Indonesia.
  • Hong Kong’s stock exchange has named an interim replacement for chief executive Charles Li, who is stepping down at the end of the year after more than a decade leading the bourse.
  • China Evergrande Group reached an agreement with a group of strategic investors to avoid upcoming repayments, easing recent concerns on a potential liquidity squeeze for the company.
  • Chinese data centre operator Chinadata Group Holdings has guided investors to the top of price guidance for its Nasdaq listing, eyeing $540m from the deal, according to a source familiar with matter.