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Emerging Markets

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Bank's $1bn sukuk continues the AT1 deluge despite resumption of air strikes
The energy-focused financial insitution returned to Islamic issuance earlier in 2026
The bank exercised a call date a month ago and has another late this year

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  • GDS Holdings raised $250m from a follow-on offering of new shares on Thursday, according to a term sheet seen by GlobalCapital Asia.
  • Chinese real estate firms Seazen Holdings Co and China South City Holdings both came to the dollar bond market this week, making use of a narrowing window for issuance before the year ends.
  • GAC-Sofinco Auto Finance, a joint venture between Crédit Agricole Consumer Finance and Guangzhou Automobile Corp, wrapped up a Rmb6bn ($851m) four tranche internationally rated auto ABS deal on Thursday. The trade was priced tightly thanks to the issuer’s good relationship with banks.
  • Malaysian energy services group Serba Dinamik International faced an uphill battle on Thursday when it courted investors for a new bond.
  • India's REC, formerly known as Rural Electrification Corp, raised $500m from a five year bond on Thursday.
  • Vietnamese car manufacturer Truong Hai Auto Corp has closed its debut offshore borrowing, increasing the size of the loan to $210m.