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Emerging Markets

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◆ Why emerging market issuers are doing less in dollars ◆ Republic of Congo located between rock and hard place ◆ The GlobalCapital Podcast was brought to you by the numbers 17, 100 and the whole Alphabet
Jordanian bank wants to move into investment banking
Very few, if any, Gulf issuers are looking at sterling bonds

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  • Oi, the Brazilian telecom company, re-entered international debt markets this week to raise almost $1bn of short-dated paper.
  • Chia Tai Animal Husbandry Investment (Beijing) Co, an onshore China entity of Thailand’s Charoen Pokphand Group, is borrowing its first offshore loan directly.
  • China Everbright Greentech has priced a Rmb1bn ($154m) Panda bond, attaching a ‘carbon neutrality’ label to its return to the onshore market.
  • Mainland-based Jiayi Education Holdings, an after-school tutoring company, has dropped its Hong Kong listing plan following news of a radical change to China’s education sector.
  • The Export-Import Bank of China has sold a renminbi-denominated perpetual bond, becoming the first among the country’s three policy lenders to tap the onshore debt market for additional tier one capital.
  • Chinese biopharmaceutical company I-Mab is moving ahead with plans for a dual listing in Shanghai, as it looks to broaden its investor base.