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Emerging Markets

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Business has sagged in the third quarter, but the pipeline is busy, despite an intractable war
Private bonds are now being offered in the open market wider than where public deals trade
Even as USTs stay near 5%, supply expected to pick up

Data

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  • 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.
  • China Huarong Asset Management's dollar bonds have started to see some stability in the secondary market, following comments from a company executive last week.