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This is the second RMBS deal from the PIF-backed issuer
Hungary's change of government is still drawing in investors despite a difficult summer
Issuance from Turkey aside from the sovereign is down year-on-year, but not by much
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China Jinmao Holdings Group was back in the market on Monday morning with its third perpetual deal of the year, this time approaching investors with a subordinated structure.
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Razer started taking orders on Monday for a Hong Kong IPO that could be worth as much as HK$4.3bn ($545.0m). About a third of the book has already been covered by cornerstone investors, even though some bankers think the valuation looks stretched.
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China is weighing the possibility of making its non-RMB sovereign bond issuance more regular, Russia’s Rusal could soon sell RMB bonds in its domestic market, and Bank of Jamaica is discussing whether to hold RMB in its reserves.
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AVIC International Leasing Co, the leasing arm of China’s state-owned aircraft manufacturer Aviation Industry Corporation of China, will kick off a Reg S roadshow from Tuesday. CNQC International Holdings, meanwhile, is meeting accounts in Singapore for a bond in the local currency.
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Sogou, the internet search arm of US-listed Sohu.com, has kicked off bookbuilding for a $585m IPO on the New York Stock Exchange.
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Indonesia’s Chandra Asri Petrochemical opened books for its first offshore dollar deal on Monday morning, following a roadshow last week.
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa