Standard Chartered

The Republic of the Philippines made a triumphant return to the Panda bond market this week, raising Rmb2.5bn ($363m) from a deal that was tighter and larger than its debut last year. Rebecca Feng reports.

Kenya hit screens on Wednesday with a dual tranche bond. Investors said initial price thoughts looked generous and so the leads were able to cut the yield by more than had been expected during execution.

Union Bank of the Philippines has returned to the offshore loan market, having been absent for more than 20 years.

Chinese issuers kept up their bond issuances on Wednesday, despite having to contend with the backdrop of the US-China trade war. Three borrowers raised a combined $840m, proving that investors are still buying a range of credits.

The Export-Import Bank of Thailand played to investors’ need for diversity on Wednesday, marketing a $300m-capped transaction at a very tight rate.

The Republic of Kenya has released initial price guidance for its latest bond issue, which two emerging markets bond investors deemed generous.

Export-Import Bank of Malaysia is tapping the offshore loan market for a $300m Islamic borrowing.

Two African borrowers are set to hit the road for dollar bonds, extending a run of deals from the continent after a slow start to the year.

Majid Al Futtaim (MAF), a shopping mall developer based in the Middle East, sold a 10 year green sukuk on Tuesday flat to its outstanding curve.

China’s industrial and automotive parts manufacturer Zhongding Group has cut the price for its €200m loan refinancing.

Sinopharm Holding (China) Finance Leasing is tapping the offshore loan market for a $200m borrowing.

Majid Al Futtaim, a shopping mall developer based in the Middle East, has set the spread for its green sukuk, with the deal attracting about $3bn of orders for $600m of paper.