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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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  • Property manager Central China Management Co has kicked off the roadshow for its IPO. It is aiming to raise up to HK$1.05bn ($135.2m).
  • A senior China DCM banker from HSBC is taking a new position at CLSA, the international platform of China's Citic Securities.
  • Property developer China Vanke Co brought a rare investment grade-rated corporate deal to the offshore renminbi (CNH) bond market on Monday, pricing the deal inside its dollar curve after a warm response from investors.
  • Michelle Wang, who left JP Morgan more than a decade ago, has returned to the bank as its new co-head of China investment banking coverage.
  • After Chileans chose the delegates who will draft a new constitution, bond market participants appeared to be taken aback by the centre-right government’s poor performance. Chilean assets across the board slumped, with local rates hit harder than hard currency bonds.
  • CEE
    PKN Orlen, the Polish oil refiner and petrol retailer, began marketing its debut green bond on Monday, a €500m no-grow seven year. Issuing a green bond would be a bold move for an oil company, but PKN Orlen is being conservative about the assets included and has obtained certification from the Climate Bonds Initiative.