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Emerging Markets

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African mobile payment provider prepares to list, seeking large valuation
Deep breath for market as more guidance, more mandates appear
Secondary market selling of private bonds may be wreaking havoc with the primary market for public debt but the trades were still the right thing to do

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  • Peru’s ministry of economy and finance has authorised state-owned oil company Petroperu to proceed with a long awaited debut bond issue.
  • A glut of emerging market issuers is thought to be considering the market in the coming days as a quiet week for data has created a solid issuance opportunity, according to bankers.
  • The price of oil provided a point of focus for emerging markets this week after a barrage of other macro events came and went without too much concern. Easing sales of Brent crude created a decent window for Senegal to bring its first dollar trade in almost three years.
  • Dongfeng Nissan Auto Finance priced its Rmb4bn ($580.59m) VINZ 2017-1 Retail Auto Loan Securitization on Thursday last week — the originator’s fifth in China.
  • Indonesian automobile finance company Mandiri Tunas Finance (MTF) has hit the offshore syndicated loan market for a $100m borrowing.
  • The Panda bond market is set for a surge as more global companies look to boost their presence in China, according to a senior capital markets banker working with the asset class.