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Emerging Markets

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The trade is the first from a 'mid-tier' Uzbek lender
The dollar market is offering cheaper funding at the shorter end
Victoria Power Network makes first appearance in the currency

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  • Bahrain Steel to lock in better conditions in refi — Saudi sparks life into local loan mart — Cranfield University soft-sounds private placement market — Golding Homes looks to add hundreds of houses with £120m facility — Great Portland brings ESG loans to UK Reits
  • Qatar National Bank took $1bn from bond markets on Wednesday as it tapped investors for the second time this year, with just 1% allocated to Gulf Co-operation Council-based investors.
  • Dr Suliaman Al Habib Medical Group, one of the largest private health companies in Saudi Arabia, has announced it is seeking to list on the Tadawul stock exchange. It is the first company to attempt an IPO there since the record listing of Saudi Aramco last December.
  • Saudi Arabia's Saline Water Conversion Corp (SWCC) signed a $426.5m-equivalent loan with a consortium of local lenders. The deal comes after a disappointing year for international lenders, who were dismayed at the lower than expected volumes of Saudi Arabian activity.
  • Investors warmly welcomed a TL2.6bn ($440m) block trade in Turkish bank Yapi Kredi on Wednesday night. But market participants are yet to be convinced that the country’s equity capital markets are fully reopened.
  • As the coronavirus rages on across mainland China, simple daily tasks can morph into a whole new way of doing things.