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Emerging Markets

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Volume dips only slightly despite there being a third fewer transactions
How well the government handles the disaster could dictate its ability to push through difficult reform
Underwriting left unused after deal is 33% oversubscribed

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  • Chailease International Finance is approaching a large group of banks for a new $250m loan. This is in a bid to attract lenders, as other units under its parent company have already tapped the offshore market three times this year.
  • Melco Resorts Finance was forced to pay a premium to secure orders for its $500m bond this week amid a wider underperformance of recent casino deals.
  • Chinese online travel company Trip.com Group has bagged $500m from its debut tap of the equity-linked market.
  • CCB Leasing (International) Co issued a $500m bond on Tuesday, making it the latest Chinese financial borrower to tap the debt market.
  • South Korea’s Doosan Infracore Co used a guarantee from Korea Development Bank to sell a $300m three year bond on Tuesday.
  • Troubled lender Yes Bank has hit the market with an issue of fresh equity, with the deal covered at the open by pre-launch demand, according to bankers close to the trade.