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Emerging Markets

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  • Ecobank Transnational Incorporated, the pan-African bank based in Togo, has released price guidance for a $50m tap of the $500m 9.5% 2024 bond it issued in April. There has been a huge rally in those bonds since pricing.
  • Allianz Global Investors has added two funds to its suite of emerging markets debt products. One is an socially responsible investment (SRI) bond fund, and the other an SRI fund focused on corporate debt. The funds are the first of their kind the company has launched.
  • Chainwin Animal Technology, a subsidiary of Taiwan’s Win Semiconductors, is looking to raise up to $200m in the offshore loan market.
  • Mulsanne Group Holding wrapped up its IPO last week in a way Hong Kong had never seen before: pricing its shares below the initial offer range. Its approach has shown future listing hopefuls how to wield a crucial tool in combating volatility fuelled by trade wars.
  • Agile Group Holdings raised $600m from its latest issue on Monday, only for its notes fall in the secondary market on Tuesday.
  • CSSC Shipping has commenced bookbuilding for its IPO on the Hong Kong Stock Exchange.