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Emerging Markets

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Victoria Power Network makes first appearance in the currency
Missile alert stunted flow, but pricing still the main barrier
Pair bring first public non-bank deals from GCC since the start of the Iran War

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  • Kakao Bank has defended its valuation following a W2.55tr ($2.2bn) IPO after being questioned by South Korea’s regulators about its high pricing. The internet-only bank is only the latest in the country to be targeted by authorities cracking down on lofty valuations of new listings. Jonathan Breen reports.
  • The Republic of Indonesia veered off its usual funding plan by heading into the bond market this week with a dollar-euro combination trade, at a time when it is feeling the brunt of a big spike in Covid-19 cases. But the stability in secondary market trading and a fall in US Treasuries offered the sovereign an opportunity to top up its coffers, writes Morgan Davis.
  • Borrowers from Greater China rolled out five new bonds on Wednesday to raise more than $2bn between them.
  • Hogan Lovells has added Biswajit Chatterjee as a partner for its India operations.
  • Having your CV stand out in a sea of job applications is no easy feat. So how do you grab an employer's attention?
  • Ashurst has hired a new partner, Robert Child, to boost its Asia restructuring and insolvency business.