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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
Data
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Sixteen months after receiving its Panda issuance quota, Sun Hung Kai Properties (SHK) raised Rmb1.2bn ($173m) from its debut deal, pulling off the cheapest two year Panda bond in 2018.
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China Exchanges Services Co (CESC), a joint venture between the Hong Kong, Shanghai and Shenzhen bourses, has launched an index to track the performance of Hong Kong-listed biotechnology companies.
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Well-known hedge fund manager says China reset coming, Bond Connect volumes down 15% in October and Singapore Exchange launches a set of China onshore bond indices.
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The Belt and Road Initiative is still bankrolled by Chinese government spending, China and Singapore upgrade their trade agreement, and the Bank of England renews a currency swap line with China.
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Thai Oil Public Co navigated challenges around fluctuating oil prices to push out a $1bn dual-tranche bond on Thursday that was strongly supported by investors.
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The IPO plans of companies operating in the cryptocurrency sector are in limbo after Canaan, the world’s second largest maker of cryptocurrency mining equipment, let its IPO application on the Hong Kong Stock Exchange lapse on Thursday.
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