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Emerging Markets

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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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  • China General Nuclear Power Corp (CGNPC) raked in $600m on Monday from its third green bond sale, benefitting from investors’ eagerness for investment grade paper.
  • BNP Paribas Cardif began a two-day sale of 25m shares in India’s SBI Life Insurance on Tuesday morning, eyeing proceeds of around Rp16.25bn ($234m).
  • The Democratic Socialist Republic of Sri Lanka made a quick return to the dollar market on Monday, raising $2bn just a few months after sealing a larger $2.4bn offering.
  • Ujjivan Small Finance Bank has hired three banks for its IPO, which is expected to raise around Rp10bn ($144.2m), according to a banker on the deal.
  • Impro Precision Industries has raised HK$999.9m ($127.94m) from its float on the Hong Kong Stock Exchange, pricing the offering near the middle of initial guidance.
  • Syndicated loans banker Marilyn Fung has left DBS after more than eight years with the Singaporean lender, according to a source close to the situation.