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Emerging Markets

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Elevated new issue premiums to battle issuer desire to avoid more volatility
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

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  • The board of directors of Hong Kong Exchanges and Clearing has renewed the contract of chief executive Charles Li for three years.
  • European emerging market loans bankers are increasingly finding that pricing has dropped out of the market, with borrowers claiming to be able to access loans substantially below the level some banks are able to offer.
  • Pete Osborne, a former director at Singapore Exchange (SGX), has resurfaced at Canadian exchange operator TMX Group in London as head of European equity trading sales.
  • The North American Development Bank (NADB) will hold meetings in Geneva and Zurich to discuss a debut Swiss franc green bond.
  • The CEEMEA and Latin America primary bond markets have shut down for the week as investors fret over the outcome of the European Central Bank and Federal Open Markets Committee meetings on Thursday. The outcomes have the potential to shutter the market until after the summer, bankers said.
  • Officials from Ecuador met investors in New York this week and while the programme was billed as a non-deal related investor update, analysts say that a deal is expected later this year.