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Emerging Markets

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Like Angola's, yields on Sasol bonds have fallen since the Middle East war began
◆ Outsiders open EM investors’ wallets ◆ European banks let their hair down in dollar market, still shy in euros ◆ Digital innovation in Frankfurt with DZ Bank
Issuer ends five year primary market hiatus with five year deal

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  • CEE
    EP Infrastructure, the Czech Republic-headquartered energy infrastructure group has mandated banks to syndicate a bond in euros. Though much of supply from the CEE region last year came from sovereigns, market participants believe now is a good time for corporates to issue in debt markets.
  • Bank of America has promoted one of its telecommunication, media and technology (TMT) bankers to the newly created position of China technology investment banking head, in a bid to capture growth opportunities in the sector.
  • Indonesian real estate company Modernland Realty is still finding a way to tackle its debt situation, and has asked for another payment moratorium.
  • Indian auto parts firm Sona Comstar is set to file paperwork for an up to Rp60bn ($827.9m) IPO, according to a source close to the deal.
  • A consortium led by CVC Capital Partners is seeking a HK$2bn ($257.9m) loan to support the take private of Hong Kong fashion retailer I.T.
  • International law firm Davis Polk &Wardwell has hired capital markets lawyer Jason Xu for its Beijing team.