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Emerging Markets

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The trade is the first from a 'mid-tier' Uzbek lender
The dollar market is offering cheaper funding at the shorter end
Victoria Power Network makes first appearance in the currency

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  • A group of bondholders seeking to block a consent solicitation from Argentine utility Edenor could grow in number amid the lack of engagement between the company and its creditors, sources close to the situation told GlobalCapital.
  • Having sold €1.75bn ($2.1bn) of social bonds in euros on Wednesday, Chile returned to the dollar market for the fourth time this year on Thursday to print $3.75bn of social bonds across three tranches — the week after it had increased its 2021 funding needs by $8bn.
  • Ping An Real Estate Co raised a total of $600m from two tranches of green bonds on Thursday, capping a strong week for sustainability related transactions in Asia.
  • Citi has named Rahul Saraf as head of investment banking for India, effective on Wednesday.
  • Thai agri-business firm Charoen Pokphand Foods’ subsidiary, CPF Investments, is in the market for a new $400m loan.
  • China Citic Bank International has sold a $600m Basel III compliant additional tier one bond, ahead of plans to call one of its other bank capital trades later this year.