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Emerging Markets

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  • Philippines-listed DoubleDragon Properties Corp is gearing up to launch a re-IPO worth Ps7.5bn ($145.6m), aiming the deal firmly at international investors.
  • United Overseas Bank is making its first foray into the dollar tier one market in more than decade, after approaching investors with an AT1 bond on Wednesday.
  • Leong Hup International is planning a Malaysia listing that could raise as much as MR2bn ($474m). The company is still firming up the syndicate, according to sources close to the matter.
  • Chilean power company Colbún will buy back more than 70% of its existing $500m 6% 2020s after wrapping up the early-bird portion of a tender offer.
  • India’s Canara Bank opened a tap on its existing 2022s on Wednesday, looking to add to the $400m deal.
  • Staatsolie, the oil company 100% owned by the Surinamese government, will look to raise financing on international bond and stock markets if there are commercial oil finds in its waters.