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Emerging Markets

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◆ Iran peace deal in sight but where are the Middle East issuers? ◆ Why primary capital markets will be slow adopters of DLT ◆ Why French covered bond issuance has slowed and why it might pick up
Recently departed banker to resurface in Asia
Investors were impressed with how the region's issuers have dealt with the crisis

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  • Foreign banks are expanding their presence in the Chinese central bank’s open market operations, after Deutsche Bank (China) became the latest to gain a primary dealer qualification.
  • JD Logistics has begun pre-deal investor education for its multi-billion-dollar Hong Kong listing, having won approval from the city’s bourse last Friday.
  • Taiwan’s World Peace Industries Group has returned to loans bankers for a NT$18bn-equivalent ($645m) refinancing package. The fundraising includes a commercial paper guarantee tranche that has seen some changes as a result of scrutiny from the regulator.
  • Fuyao Glass Industry Group, an automobile glass maker, has raised HK$4.33bn ($558.5m) after selling a chunk of new shares at the top of the marketed price range.
  • China’s Waterdrop, a health insurance and healthcare crowdfunding platform, has opened the book for an up to $360m New York Stock Exchange IPO.
  • Indonesian textile manufacturer Sri Rejeki Isman (Sritex) has seen its dollar bonds fall to new lows in the secondary market, as investors grapple with the company's missed debt payment.