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Meanwhile, LatAm sovereign announces mandate for a multi-tranche deal that could come next week
Sovereign closed 'remarkable' deal despite US Treasury pricing drama
Big, volatile week in EM raises questions around fair values
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Considerably cheap valuations have made Weimob, a Tencent Holdings-backed company that is on the road with its Hong Kong IPO, an attractive proposition for equity investors, according to a source close to the listing.
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In the first round-up of 2019, China’s economy slowed further in December, renminbi-denominated central bank reserves fell in the third quarter of last year, and the US and China exchanged some positive signals on trade.
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Futu Holdings, parent of Hong Kong-based Futu Securities International, is planning a Nasdaq IPO of up to $300m.
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CIMC Vehicles Co is eyeing $500m from a Hong Kong IPO, with plans to launch the listing by the end of the first quarter, according to a source close to the deal.
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Asian issuers are setting the stage for their fundraisings nice and early into the New Year, with South Korea’s Hanwha Total Petrochemical Co announcing a bond mandate on Wednesday morning.
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Bank of the Lao PDR is taking commitments for a $100m four year borrowing in general syndication, offering lenders terms that are identical to its last offshore facility from 2015.
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