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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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  • South Korean energy chemical company SK Innovation Co enticed investors with a rare deal on Monday, taking home $500m.
  • A shareholder in Korea Aerospace Industries is looking to exit from the company through an overnight bookbuild to raise up to W242bn ($215m).
  • State Bank of India is finally courting investors for its maiden green bond, which has been planned for more than a year.
  • Fitch upgraded the rating of Mongolia’s long term foreign currency debt to B from B- on Monday, causing the country’s outstanding dollar paper to tighten in the secondary market.
  • Chinese peer-to-peer lending platform 51 Credit Card has raised HK$1bn ($128.6m) after pricing its IPO at the bottom of guidance, according to a banker on the deal.
  • CMB International raised $250m from a three year floating rate note on Monday. Bankers and analysts were expecting the deal to reach $300m but despite a well-filled book, the borrower opted to limit its size ambitions.