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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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  • If there is one year where Asia’s bond market needs to slow down for the summer, and then emerge stronger and better, it’s 2021.
  • The IPO of Terminal X Online Ltd, the Israeli fashion e-commerce company, is covered following less than a day of bookbuilding, according to a source close to the transaction.
  • Bond market participants are eagerly anticipating a trade from Nigeria in the coming weeks, which would be the seventh sub-Saharan African sovereign new issue since the start of the year, with issuers making the most of the hunger for high yielding credits.
  • Car Inc is seeking a new loan after an absence of five years from the market, but it will have to navigate the fallout from Luckin Coffee’s past governance concerns and the latest crackdown by China on technology companies to get its deal across the finish line. Pan Yue reports.
  • Bukalapak, an Indonesian e-commerce company, has closed the orderbook for its IPO and is expected to price the deal at the top of the marketed range, according to a source familiar with the matter.
  • Del Monte Philippines kicked off pre-deal investor education for its IPO on Tuesday, according to a source familiar with the matter.