Category: Emerging markets

Capture investment opportunities created by megatrends

Chinese issuers wrap up busy week for issuance

Five Chinese corporate borrowers pushed into the debt market on Thursday, capping a frantic pace of deal flow this week that set a new record for Asia bond issuance.


8 January 2021 0

BOC makes ‘big bang’ move with maiden transition bond

Bank of China sold its debut transition bond on Thursday, giving the still-nascent market a big boost by opting for a dual-currency dollar and renminbi combination deal.


8 January 2021 0

New World builds Asia’s first sustainability-linked bond

Hong Kong-based property developer New World Development Co (NWD) opened a new area of issuance for Asian borrowers on Thursday when it sold the region’s first dollar sustainability-linked bond.


8 January 2021 0

Home Credit innovates with consumer loan ABS

Chinese originator Home Credit Consumer Finance Co sold a Rmb1bn ($155m) consumer loan ABS this week, opting for a different type of underlying assets compared to its past deals.


8 January 2021 0

Gracell Biotech boosts US IPO size to $209m

Gracell Biotechnologies has raised $209m from its Nasdaq IPO after increasing the size of the float and pricing the deal above the initial marketed range.


8 January 2021 0

Hansoh Pharma, Hongqiao tap Asia CB market

Hong Kong-listed Hansoh Pharmaceutical Group and China Hongqiao Group have added to the burst of convertible bond activity in the first week of 2021, raising a combined $900m from the equity-linked market on Thursday.


8 January 2021 0

SAIC-GMAC seals year’s first auto ABS

SAIC-GMAC Automotive Finance Co has sold the first auto loan ABS transaction of the year in China, printing a Rmb10bn ($1.55bn) deal this week.


8 January 2021 0

Loans banker Chang to leave Mizuho

Monita Chang, a senior director in Mizuho’s debt structuring and syndication team in Hong Kong, is leaving the bank, according to a source close to the situation.


8 January 2021 0

No holding back in buzzing EM as all trades fly

Emerging markets issuers of all flavours ignored convention and stormed into primary bond markets this week, with great success. Renewed warnings about increasing debt ratios in emerging nations were no match for an extraordinarily supportive technical picture as investors piled into deals — even as Democratic victories in US Senate run-offs pushed rates higher. Mariam…
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8 January 2021 0