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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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  • China’s Aihuishou International, an online marketplace for second-hand electronics, traded up over 20% on its debut on the New York Stock Exchange, after sealing its IPO at the mid-point of the marketed range.
  • General Atlantic-owned Indian healthcare group Krishna Institute of Medical Sciences (Kims) has raised around Rp21.4bn ($288m) from a nearly four times subscribed IPO.
  • The first batch of nine public infrastructure real estate investment trust (Reits) in China made their trading debuts on Monday to a strong showing from investors.
  • Red-chip Panda bond issuer China Everbright Limited has raised Rmb4bn ($620m) from the domestic market for refinancing.
  • Asia’s dollar bond market is set for another relatively muted week for deal flow as pressure on China’s real estate industry and the US Federal Reserve’s surprisingly hawkish tone recently slow issuance.
  • SCE Intelligent Commercial Management has hit the road with its Hong Kong IPO. It is looking to raise up to HK$2.3bn ($296.2m).