Category: Emerging markets

Capture investment opportunities created by megatrends

EV maker Li Auto kicks off $750m CB

Chinese electric vehicle maker Li Auto has launched its debut convertible bond, aiming to raise $750m amid a rebound in US stock markets.


7 April 2021 0

HKBN makes quick return for HK$5bn loan

Hong Kong Broadband Network has returned to the loan market for a HK$5bn ($643m) deal for refinancing.


7 April 2021 0

Turkey market watchers hope for rate hold as nerves linger

Market participants are bracing themselves for the Central Bank of the Republic of Turkey’s monetary policy meeting next week, which they hope will result in interest rates being held. Though market access for the sovereign remains difficult, markets are showing some signs of stabilisation.


6 April 2021 0

Alvarez & Marsal beefs up Mid East advisory team

Professional services firm Alvarez & Marsal has hired a seasoned advisor to bolster its Middle East advisory team, as it seeks to be an integral part of the region’s diversification transformation.


6 April 2021 0

Chilean car seller set for Chapter 11 after missing coupon

Automotores Gildemeister, the distributor of Hyundai cars in Chile and other South American countries, is set to file for bankruptcy with the support of its bondholders after missing a coupon payment on its $510m senior secured 7.5% 2025s on April 1. The process is set to reduce the company’s debt by $200m, said the issuer


6 April 2021 0

MTS enters into Russian ESG bond market to ballooning investor demand

Mobile TeleSystems, Russia’s largest mobile operator, has sold a social bond in roubles, as it became the latest major Russian corporate to foray into ESG financing. The issuer has not ruled out a return to international markets, although in recent years it has pivoted towards domestic funding.


1 April 2021 0

Singapore seeks feedback on Spac framework

Singapore’s stock exchange has launched a consultation about proposed rules on special purpose acquisition companies.


1 April 2021 0

Linklogis pockets $1bn from Hong Kong listing

Linklogis has priced its Hong Kong IPO above the mid-point of the price guidance, netting HK$7.96bn ($1.02bn), according to a source close to the deal.


1 April 2021 0

Logan nets $300m from 2025 bond

Chinese property developer Logan Group Co has returned to the dollar bond for the second time this year. It was forced to navigate a much more difficult market this time – and ended up paying around 20bp over fair value.


1 April 2021 0

ReNew Power plugs into dollar bond market

ReNew Power, a regular issuer from India’s renewable energy sector, raised $585m this week from another green bond – and another complex structure.


1 April 2021 0