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Emerging Markets

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Borrowing costs for Gulf issuers are already falling since Sunday's announcement
International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
Investors were eager to tender their bonds despite initial resistance

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  • Dongfeng Peugeot Citroen Auto Finance Co is set to come to China’s auto ABS market for the first time since 2017 with a Rmb2.201bn ($336m) transaction that will be launched later this week.
  • Alibaba Group Holding’s shares in Hong Kong closed 6.51% higher on Monday, despite news over the weekend that the technology giant will be hit with a record fine of Rmb18.22bn ($2.8bn) by China’s regulators.
  • Indonesia's Pertamina is planning to sell a green bond before the end of 2022, as the oil and natural gas company plots a gradual transition of its core business.
  • Zhao Sheng Law Firm, Linklaters’ China joint operating partner, has named two new partners.
  • MUFG Bank has named Colin Chen as head of ESG finance for Asia Pacific, a newly created position to support the development of the firm's green financing business in the region.
  • Keymed Biosciences has started laying the groundwork for a planned Hong Kong IPO by filing its initial listing documents with the city’s exchange.