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Emerging Markets

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Elevated new issue premiums to battle issuer desire to avoid more volatility
Ten-year US Treasury yield passed 5% ahead of the upcoming FOMC meeting
Six Middle Eastern and Asian banks are bookrunners on DAE's first loan since completing acquisition of Macquarie AirFinance

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  • Three entities associated with CMB Financial Leasing have approached the loans market for an up to $150m financing related to a shipping sale and leaseback.
  • The State Council grants PBoC greater powers with new commission, China reports 6.9% year-on-year GDP growth in the second quarter, and Spain plans its first Panda bond.
  • Malaysian lender Maybank announced price guidance for its debut Panda issue on Wednesday, a day before it was scheduled to finish a roadshow for the deal.
  • The European Investment Bank (EIB) and other market actors are working on a system to match investors’ views on what is a ‘green’ bond with suitable deals in the market.
  • China’s Four Seasons Education and Sichuan Hope Education Industry Group are planning to raise as much as $550m between them through IPOs in Hong Kong and the US in 2017, according to a source familiar with the matter.
  • A recent directive from Malaysia’s central bank could spark off a round of consolidation or IPOs among the country’s insurers, according to ECM bankers.