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Emerging Markets

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  • Malaysian oil company Petroliam Nasional (Petronas) raised $3bn from a dual tranche bond, just a day after the country’s sovereign made its dollar return.
  • Top Glove Corp, the world’s largest manufacturer of rubber gloves, has revised its planned Hong Kong listing down to a size of HK$6.9bn ($889m).
  • BOC Aviation has sold a $750m bond through its US subsidiary, pricing its third dollar outing of the year at wider levels than some fair value estimates from analysts.
  • Indonesian property developer Pakuwon Jati returned to the offshore debt market this week after a four year hiatus, selling investors a $300m seven year bond.
  • Dalian Wanda Commercial Management Group Co sold a sub-one year bond on Thursday, raising $325m.
  • Philippines-based renewable power producer AC Energy Corp is drumming up demand for an up to Ps15.7bn ($323.7m) follow-on offering, scheduled for next week.