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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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  • Tiangong International, a China-based steel producer, is selling up to HK$890m in new shares through a top-up placement, according to a term sheet seen by GlobalCapital Asia.
  • CEE
    LimakPort, a Turkish port operator, said on Tuesday it will look to come to the dollar market for a 15 year amortising bond with a coupon that steps up if the issuer fails to meet sustainability targets.
  • Bank of America has hired a Hong Kong-based director in its technology, media and telecommunications (TMT) team, GlobalCapital has learnt.
  • Eight Chinese issuers are readying the first batch of sustainability-linked bonds (SLBs) in the onshore market, set to be priced later this week after the Labour Day holiday.
  • Singapore’s Halcyon Agri Corp, a subsidiary of China’s Sinochem International Corp, has raised a $300m loan from a group of Chinese lenders.
  • PowerGrid Infrastructure Investment Trust has wrapped up its Rp77.3bn ($1.05bn) IPO, giving a boost to the still nascent asset class in India.