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The bank tightened a little more than a UAE peer did on Tuesday
The euro tranche is a refi of a bond maturing later in September
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
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Emerging market bond investors have returned from the International Monetary Fund/World Bank Annual Meetings in Washington DC, held last week, with little more than jetlag and a feeling that they learned little that was new. -
China Development Bank Financial Leasing Co priced its 5.5 and 10 year bonds inside its curve on Tuesday, amid a busy day for Asia’s primary bond market.
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The Korea Development Bank grabbed $300m from a Formosa deal on Tuesday, catering to Taiwanese investors' demand for South Korean paper.
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Chinese micro-lender Qudian has bagged $900m from its US listing, after robust demand allowed it to price the stock above the initial range, according to a banker close to the deal.
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Four Chinese corporations priced a total of $1.175bn of bonds on Tuesday, the day before the start of the Communist Party’s five-yearly congress.
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China will allow the markets to have a greater influence on the renminbi’s exchange rate, Xi Jinping, president of China, said in the opening speech of the 19th Communist Party Congress on Wednesday.
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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
