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Emerging Markets

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Volume dips only slightly despite there being a third fewer transactions
How well the government handles the disaster could dictate its ability to push through difficult reform
Underwriting left unused after deal is 33% oversubscribed

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  • China Aoyuan Group has received a $162m-equivalent three year secured loan from four lenders.
  • Indian metals and mining company Vedanta Resources courted the market on Thursday for its first bond since delisting from the London Stock Exchange late last year. While the delisting raised some questions for investors, the deal ultimately pulled in $1bn for the issuer.
  • Peking University Founder Group Co has raised $300m from an ultra-tight bond.
  • Hong Kong oil trading business Winson Group is paying up for an up to $180m secured revolving credit facility.
  • Hansoh Pharmaceutical Group has refiled its long-anticipated Hong Kong IPO. The Chinese drug maker first planned to go public in 2016, and was said to be readying a roadshow for its IPO as recently as February.
  • China Grand Automotive Services, the parent of Grand Baoxin Auto Group, has made its debut in the offshore loan market, four months after it raised an onshore facility. The company wants to raise $420m.