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  • In this special round-up on China’s annual ‘Two Sessions’ parliamentary meeting, premier Li Keqiang promised a bigger tax cut than expected, increased the local government special purpose bond quota and demanded large commercial banks to boost their lending to small enterprises
  • Link Real Estate Investment Trust has pulled off a record-breaking equity-linked deal, issuing the first green convertible notes in Asia Pacific, according to a source close to the transaction.
  • China’s Dongying Fangyuan Nonferrous Metals and Dongying Lufang Metals Material received strong demand during syndication. They have now closed their joint borrowing, raising $430m.
  • Some EM bond investors were hopeful that Friday would see the concessionaire operating Quito’s new airport break a hiatus of more than three weeks in Latin American new issues, despite not pricing as scheduled on Thursday.
  • Government-owned Costa Rican lender Banco Nacional de Costa Rica (BNCR) is looking to buy back a portion of its shortest-dated international bond.
  • Caribbean cable company Digicel returned to the bond markets on Thursday with a senior secured bond deal that allows it to repay funds drawn down on its revolving credit facility, as well as its bank term loan A.