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Emerging Markets

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The sovereign rarely issues more than once a year on international markets
Proportion of non-dollar issuance in CEEMEA has grown in 2026
Official moves from top three issuer in Middle East to top bank

Data

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  • Philippines-based real estate developer Filinvest Land has won IPO approval for a real estate investment trust (Reit), as the asset class grows in popularity in the country.
  • Red chip Panda bond issuer Far East Horizon has released price guidance for a new two year deal in China’s domestic market.
  • BOC Aviation, the aircraft leasing arm of Bank of China, has launched a $750m borrowing into general syndication.
  • A recent lull in dollar bond supply from Indian corporations meant investors rushed to buy REC’s $400m deal on Tuesday, with the electricity company leveraging the demand to price inside of fair value.
  • Korea Gas Corp, a government-owned borrower, found ample support for its dual tranche $800m bond, with demand of more than $5bn during bookbuilding allowing the firm to price the notes around some fair value estimates, and well inside others.
  • Shanghai Pudong Development Bank (SPDB) leaned on a large syndicate team to sell a dual-currency bond that was mainly bought by other Chinese banks.