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Emerging Markets

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◆ Gulf private placements bite back ◆ Bond new issue premiums rise ◆ CLOs catch a break
Business has sagged in the third quarter, but the pipeline is busy, despite an intractable war
Private bonds are now being offered in the open market wider than where public deals trade

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  • Xinyi Energy Holdings, an owner and operator of Chinese solar farms, has received a boost on its second attempt at listing on the Hong Kong Stock Exchange.
  • Chaoni Huang has left her job leading Natixis’ sustainability efforts in Asia Pacific.
  • SRI
    The attempt by France to broaden the European Union’s proposed Taxonomy of Sustainable Economic Activities away from the “green niche” has made a good start. Financial officials from all the EU governments discussed the idea on Tuesday, with many member states being “very supportive”, according to sources close to the situation.
  • Ukraine’s president-elect Volodymyr Zelensky appears to have planted his flag firmly in favour of European integration but there are warnings that Russia will step into the gap if the bloc does not reciprocate
  • Senior Bosnia and Herzegovina officials vented frustration at the stalled process of EU accession talks yesterday (Wednesday), warning that Europe’s foot-dragging was stymying growth and investment and threatened to undermine belief in the process.
  • Five years after the EBRD decided to stop funding new projects in Russia, the country has started to hint it might walk away from the multinational bank and find other funding sources unless it opens negotiations