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Emerging Markets

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Ten-year US Treasury yield passed 5% ahead of the upcoming FOMC meeting
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

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  • Latin America’s best rated sovereign lost its last double A rating last week as years of fiscal deterioration catch up with Chile.
  • Dollar bonds from Chinese local government financing vehicles (LGFVs) are experiencing a sharp rebound in the secondary market, after months of trading under water.
  • Brazilian telecoms company Oi will choose to pay an all-cash coupon for the first payment of its newly issued seven year bonds, the restructured company said on Friday.
  • HDFC Asset Management Co is set to raise Rp28bn ($407.5m) from its IPO after a vast show of demand from institutions and non-institutional investors, according to a source close to the deal.
  • BeiGene is set to become the first issuer to sell shares under new rules in Hong Kong, after the exchange moved to encourage secondary listings by overseas-traded companies.
  • Chinese internet firm NetEase is tapping the international loan market for the first time, seeking a $500m revolving credit facility.