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Emerging Markets

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◆ Iran peace deal in sight but where are the Middle East issuers? ◆ Why primary capital markets will be slow adopters of DLT ◆ Why French covered bond issuance has slowed and why it might pick up
Recently departed banker to resurface in Asia
Investors were impressed with how the region's issuers have dealt with the crisis

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  • CEE
    Russian potash producer Uralkali is going on the road for five year dollar paper, returning to the international market for the first time in six years.
  • Investors are growing more comfortable with Kazakhstan following a $344m trade in Halyk Savings Bank last week, and sources are hopeful the momentum will carry on through to next year as the country’s privatisation wave continues.
  • Corporate, FIG and SSA issuers placed floating rate notes this week, pegged to Euribor, Sonia and Libor. With so many issuers coming to market, bankers are interested to see which other borrowers 'take advantage of the liquidity'.
  • An undisclosed institutional investor has bagged MR663.6m ($158.5m) from offloading its entire position in Malaysian plantation company Kuala Lumpur Kepong.
  • Investors gobbled up Adani Green Energy’s rare Indian project-linked bond on Thursday, seizing the opportunity to buy non-Chinese paper. The company’s transaction was also helped along by its new investment grade rating.
  • Chinese biotechnology firm Innovent Biologics has raised HK$2.39bn ($304.3m) after selling a chunk of stock through a top-up placement.