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Meanwhile, LatAm sovereign announces mandate for a multi-tranche deal that could come next week
Sovereign closed 'remarkable' deal despite US Treasury pricing drama
Big, volatile week in EM raises questions around fair values

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  • Stocks listed on Shanghai’s new Star market could soon be included in MSCI’s index if they meet requirements, the index provider said on Wednesday.
  • It’s tough being a banker these days, and not just because the mouth-watering pay cheques and bonuses that came with the job have been gradually drying up.
  • Sri Rejeki Isman (Sritex) sold an opportunistic $225m bond on Wednesday, becoming the first high yield Indonesian issuer in five months. The company offered investors a juicy premium, which was necessary to appease buyers burnt by turmoil around fellow textile company Duniatex.
  • Moody’s is considering downgrading its Ba3 rating on the Government of Vietnam, in light of an alleged delay in payments on an obligation.
  • Fangdd Network Group, an online platform for real estate agents, is planning an IPO on the Nasdaq, having filed draft documents with the US securities regulator this week.
  • Cyprus is packing its bags for a month-long set of investor meetings in the US and Europe as it looks to plan its funding programme for next year.