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A double digit premium to the dollar curve lured in overseas buyers, who took a 'large chunk' of the bonds
Investors have lots of cash and are eager for new issuance
Investors are keen for new bonds and better rated borrowers may not want to issue in numbers
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The underperformance of China Aoyuan Property Group’s bond on Thursday cast a shadow over new issues from Yuzhou Properties Co and Fantasia Holdings Group Co, with pretty muted responses for both deals.
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The People’s Bank of China publishes new rules governing the RMB qualified domestic institutional investor scheme, China and Nigeria ink a swap line, and the State Administration of Foreign Exchange pledges further reforms.
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UBS and two others announce China JV plans, the domestic iron ore futures contract opens to foreign traders, and Shanghai and Shenzhen get approval for their Dhaka exchange acquisition plans.
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The Shanghai and Shenzhen stock exchanges have won a bid to buy a 25% stake in Bangladesh’s Dhaka Stock Exchange, according to a joint statement from the Chinese acquirers.
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G R Infraprojects is eyeing an IPO in India that will raise Rp5bn ($75m) in primary proceeds as well as allow existing shareholders to cash out.
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China Kepei Education Group has filed a listing application in Hong Kong through sponsors Citi and CCB International.
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
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Sponsored by European Investment Bank
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