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Investors were eager to tender their bonds despite initial resistance
Banker had been with Dutch lender for just over a year
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In this round-up, Chinese president Xi Jinping has promised $3bn in additional support to developing countries fighting the pandemic, the State Council explicitly bans bitcoin mining and trading as part of an intense crackdown on cryptocurrencies, and Liaoning province is set to welcome a new city commercial bank.
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Political volatility continues to take its toll on the credit ratings of Latin America’s strongest sovereigns, with Peru the latest to suffer a negative outlook as Moody’s predicted the next government will likely face a continuation of the political gridlock that has hampered economic activity over the last four years.
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The city of Moscow is set to issue green bonds within the week, following the sovereign’s return to the Eurobond market on Thursday. The issuer is seeking foreign investor interest in its rouble-denominated green debut.
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The Indian government has raised Rp40bn ($547.4m) from a sell-down of its stake in Axis Bank.
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Singapore real estate investment trust Mapletree Industrial Trust has raised S$823.3m ($618.3m) from a sale of new units to fund data centre acquisitions, with the deal receiving a warm welcome from investors despite not being very well flagged.
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Two Chinese local government financing vehicles (LGFVs) raised a combined $480m on Thursday, following a quiet start to the week due to a public holiday.
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa