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Emerging Markets

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Six Middle Eastern and Asian banks are bookrunners on DAE's first loan since completing acquisition of Macquarie AirFinance
Africa’s largest IPO backed by Africa-focused Pan-African Refinery Investment after agreeing to $1bn underwriting programme
Treasury yields and oil continue to rise

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  • Chinese online grocer Dingdong (Cayman) has cut its US listing size to $94.4m, just over one-quarter of its initial target, after rival Missfresh plummeted in its Nasdaq debut last week.
  • Suzano, the Brazilian pulp and paper producer that last year became the second company in the world to sell a sustainability-linked bond (SLB), returned to capital markets on Monday with a $1bn long 10 year deal that has a coupon linked to different key performance indicators from its first deal.
  • Redco Properties Group made its offshore renminbi denominated sustainable bond debut on Monday, raising Rmb600m ($93m).
  • Logan Group Co used the last of its offshore debt issuance quota to price a $300m green bond on Monday.
  • Chinese local government financing vehicle Linyi City Construction Investment Group Co nabbed $300m from an offshore bond on Monday.
  • Aldesa Group, a Spanish construction and engineering firm acquired by state-owned China Railway Construction Corp last year, is tapping the Asian loan market for a €150m deal.