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Emerging Markets

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  • Many bond investors now say they engage with borrowers on ESG issues. Companies are noticing, and a virtuous circle is beginning to turn. But much of the conversation is still very gentle and diffuse, and not concentrated at the point of capital raising. As Jon Hay reports, more ambitious engagements to change whole industries lie in the future.
  • CEE
    Czech company Atrium European Real Estate is reviving its €300m bond issue this week with a shorter maturity, having roadshowed in June. The deal looks set to be one of the first out of the gates in the emerging markets this week, after a tumultuous summer for that asset class.
  • Croatia’s Sunce Koncern has signed a €73m club loan from mostly domestic lenders, as the tourism company restructures its entire balance sheet.
  • China-based X Financial has set the ball rolling for a potential $250m listing on the New York Stock Exchange.
  • Emerging market borrowers and investors are returning from the summer break slowly but surely this week, but caution is still the prevailing tone.
  • Chinese technology unicorn Meituan Dianping has started pre-marketing its potential $4bn Hong Kong IPO, quickly receiving a flood of interest from US investors. But there are challenges ahead, as the company faces a strong affront from e-commerce giant Alibaba Group Holdings.