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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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Kirill Dikijs, formerly of BNP Paribas, has started in his new emerging markets DCM role.
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Signs of a revival in primary bond market activity were evident on Tuesday when four Asian issuers ventured out for new dollar transactions, setting the stage for what is set to be a busy September.
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China’s impending Panda bond framework offered the country a chance to sort out a messy approval process that deters all but the most dedicated issuers. Instead, the country doubled-down on chaos.
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HNA Group-owned Haikou Meilan International Airport’s international bond went on a rollercoaster ride in the secondary market on Monday, after the company missed the payment deadline on an onshore bond.
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Impro Precision Industries revived its Hong Kong IPO plans on Monday, resubmitting its listing documents to the exchange.
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India’s Reliance Industries has launched its long-awaited refinancing of around $2.7bn into general syndication, one month after mandating 17 lead banks to run the transaction.
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