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Emerging Markets

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Six Middle Eastern and Asian banks are bookrunners on DAE's first loan since completing acquisition of Macquarie AirFinance
Africa’s largest IPO backed by Africa-focused Pan-African Refinery Investment after agreeing to $1bn underwriting programme
Treasury yields and oil continue to rise

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  • Hong Kong’s securities watchdog has fined Credit Suisse HK$2.8m ($357,770) for failing to meet disclosure requirements when publishing research reports about Hong Kong-listed securities.
  • VTB Capital has changed the date of its Russia Calling! conference, highlighting “mounting pressure from clients’ in-laws” as the reason for moving the event so that it doesn't clash with Thanksgiving in the US.
  • Equity investors have poured cold water on the notion that a US Federal Reserve interest rate cut this year would be enough to offset the damage to capital markets that a prolonged trade stand-off between the US and China would cause.
  • Chinese property manager JY Grandmark Holdings is looking to raise up to $200m from an IPO in Hong Kong, according to a source close to the deal.
  • Nasdaq-listed Chinese social media platform YY hit the market with an $850m dual-tranche convertible bond on Wednesday.
  • Biotechnology company WuXi Biologics Holdings has completed a HK$3.81bn ($487m) sale of a part of its stake in subsidiary WuXi Biologics (Cayman), its second sell-down in the stock in less than three months.