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Emerging Markets

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  • The controlling shareholder of Thailand’s Stark Corp has sold a chunk of his shares in the company, raising Bt3.77bn ($122.4m) after pricing the deal towards the top of price guidance.
  • Ford Automotive Finance (China) has wrapped up a Rmb3.203bn ($492.3m) auto loan ABS deal, its first outing in the domestic Chinese market this year. Mercedes-Benz Auto Finance is also looking to make its first appearance of 2021 next week.
  • Singapore's Clifford Capital returned to the offshore bond market this week to raise $500m.
  • Chinese video sharing and gaming platform Bilibili is set to launch its Hong Kong secondary offering this week, after winning listing approval from the city’s bourse.
  • Bond bankers say new issuance from Latin America is unlikely to pick up until after Easter, even though they believe the technical dynamics in the market remain favourable for issuers.
  • Aberdeen Standard Investments, the asset manager with over £450bn ($625m) of assets under management, has hired an emerging markets economist from research firm Capital Economics.