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Emerging Markets

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  • Akbank AG, the Turkish bank’s German subsidiary, has signed a €173.5m syndicated loan with around 14 banks, according to a banker on the deal.
  • Singapore Exchange (SGX) on Monday announced the launch of new derivatives products based on the MSCI Emerging Markets and MSCI Emerging Markets Asia indices.
  • At least one undisclosed vendor has put up a W251bn ($244.1m) stake in Netmarble Games up for sale through an accelerated block.
  • Toyota Motor Finance (China) is hitting the Chinese asset-backed securities (ABS) market for a second time this year. The Japanese automaker maker will approach investors with a Rmb3bn ($452.1m) deal on November 16.
  • After years of anticipation, China has finally opened the door to majority foreign ownership across its financial sector. But instead of reacting with jubilance, international banks appear cautious as they await more details from regulators and remain vigilant of the challenges ahead, ranging from fierce local competition to licencing procedures.
  • Anton Oilfield Services Group is making a dollar bond market comeback, offering a new deal in exchange for its existing 2018 bonds.