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Sovereign closed 'remarkable' deal despite US Treasury pricing drama
Big, volatile week in EM raises questions around fair values
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It is a truth universally acknowledged that a single man in possession of a fortune should not wear a t-shirt to work. But apparently no-one has told a whole generation of scruffy tech teenagers.
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Chinese telecommunications firm Huawei Technologies, which has faced the wrath of US president Donald Trump recently, is syndicating a $1.5bn loan amid a “sensitive time” in US-China trade relations. Pan Yue reports.
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United Laboratories launches HK$1bn loan — Goshawk seeks $500m in Asia — West China Cement returns for $150m — Wolong debuts in euros — Jingneng Clean Energy pays up for comeback
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Indonesian state-owned Perusahaan Listrik Negara (PLN) sold $1.4bn of bonds this week, split equally between 10 year and 30 year tranches, pricing both slightly inside fair value.
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DP World has updated price guidance for its new 10 year benchmark sukuk and $200m tap of its 2048s, with order books already a healthy size for both deals.
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Melco Resorts & Entertainment, a Macau casino operator, returned to the dollar bond market on Wednesday, selling $600m of eight year bonds just a few months after a $500m issue in April.
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