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Emerging Markets

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Deep breath for market as more guidance, more mandates appear
Secondary market selling of private bonds may be wreaking havoc with the primary market for public debt but the trades were still the right thing to do
Sovereign's $3bn deal tightens well as Asian demand returns

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  • CEE
    Turk Eximbank on Thursday* opened books on a new six year bond following the Central Bank of Turkey’s decision to hike rates by 75bp the day before.
  • Metallurgical Corporation of China (MCC) was one of a number of Chinese state-owned enterprises to sell bonds in the international market this week, bagging $500m from the first senior perpetual deal in the region in more than a month.
  • The Hong Kong Stock Exchange will start taking IPO applications from April 30 under its new regime to encourage technology listings.
  • We so-called 'gweilos' in Hong Kong — a common Cantonese slang word for Westerners — sometimes find ourselves in a love-hate relationship with the food on offer here.
  • United Asia Finance, a personal loan provider in Hong Kong, is making a quick return for a HK$1.6bn ($203m) term loan, just two months after sealing its last borrowing.
  • CEE
    Turkey’s Vakifbank has signed a dual tranche loan totalling $1.3bn-equivalent, in line with its domestic rivals, despite Moody’s taking the axe to the bank’s ratings last month.