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Emerging Markets

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  • Home Credit Vietnam is in talks with banks for a new $50m loan, with its planned fundraising receiving some early mixed response from lenders.
  • Indonesia's Sarana Multi Infrastruktur (SMI) has returned to the dollar bond market after a five-year absence, raising $300m.
  • Khazanah Nasional, Malaysia's sovereign wealth fund, has found overwhelming demand for its $1bn bond, attracting more than $5bn of orders.
  • SF Real Estate Investment Trust has launched bookbuilding for its Hong Kong listing. It is aiming to raise up to HK$2.68bn ($345.4m) from the city's first Reit IPO in a year and a half.
  • Shinhan Financial Group sold a Basel III-compliant additional tier one bond with a sustainability label this week, funnelling some of the proceeds from the $500m trade to Covid-19 relief efforts.
  • China’s latest crackdown on some of its largest internet companies should raise a critical question — who are the real beneficiaries of reining in the country’s technology titans?