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Emerging Markets

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Six Middle Eastern and Asian banks are bookrunners on DAE's first loan since completing acquisition of Macquarie AirFinance
Africa’s largest IPO backed by Africa-focused Pan-African Refinery Investment after agreeing to $1bn underwriting programme
Treasury yields and oil continue to rise

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  • MUFG Bank has named ex-Royal Bank of Scotland executive Gyan Harlalka as head of global markets for India.
  • After a two year absence in the Panda bond market, Veolia Environnement made its return last week to raise Rmb1bn ($145.6m). Instead of placing another three year bond, the French corporate issuer cut the tenor to just one year — a move that paid off for the borrower, said bankers.
  • CreditAccess Grameen has raised Rp11.3bn ($161.7m) after pricing its flotation in India at the best terms for the issuer, a banker on the deal said.
  • Mrs. Bectors Food Specialities is planning to float for as much as Rp8bn ($114.4m), having filed a draft prospectus with the Indian regulator.
  • Morgan Stanley has made two senior appointments in its southeast Asia investment banking team, according to a memo seen by GlobalCapital Asia.
  • South Korea’s securities regulator waved through Hyundai Oilbank’s billion-dollar IPO plans at a preliminary screening on Monday.