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Emerging Markets

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  • New Uzbekistan under the leadership of His Excellency President Shavkat Mirziyoyev is transforming in many ways. Economic reforms, including state-owned enterprise reforms and liberalisation, are among the key pillars of current structural transformations in Uzbekistan.
  • Bond market participants had been mostly confident that Ecuador’s government could see out mass public protest and stick to IMF-supported measures designed to shore up public finances — until last Friday, at least. But bondholders could be in for a tough time after the government backtracked on these measures.
  • Property manager Sichuan Languang Justbon Services Group has raised HK$1.59bn ($202.3m) from its IPO, after a surge of demand from institutional and retail investors, according to a source close to the deal.
  • China Lesso Group has increased a four year borrowing to around $1.1bn, after attracting 16 lenders during syndication.
  • BAC International Bank has returned to the loan market, seeking $100m from a global syndicate.
  • DBS has hired Deutsche Bank’s former Indonesia country head to run its institutional banking group in the southeast Asian country.