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Emerging Markets

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  • The Middle East is expected to be the biggest driver of EMEA emerging market loan opportunities next year, while Russia will be a drag on volumes, according to a poll of industry professionals taken at the Loan Market Association’s annual conference in London on Tuesday.
  • CEE
    Turk Eximbank has taken to the road for a non-deal roadshow in London, meeting with international investors to discuss the institution’s credit.
  • CEE
    Hungary printed its €1bn seven year bond on Tuesday with the lowest ever coupon and yield for a dollar or euro bond from the issuer.
  • The People’s Bank of China has finally made clear what it will take for foreign institutions to issue RMB bonds in China. There are subtle differences across many areas, but the regulators did relax rating requirements and eligible accounting standards.
  • Qinghai Provincial Investment Group Co is expected to be able to redeem its $300m bond that matured on Wednesday, ending months of speculation about its ability to meet its debt obligation.
  • Thailand Future Fund is due to announce a timeline for its long-delayed IPO next week, with bookbuilding set to kick off in mid-October.