Largest EM issues of Januarу 13-17 Issue | Volume China Chi | Cbonds Global

Largest EM issues of Januarу 13-17

Issue | Volume

China
China Construction Bank (A1/A/A), 2.85% 21jan2032, USD 2 bln
Initial issue price (yield): 99.764%
Spread to US Treasury bonds: 140 bp
The purpose of placing: Basel III Tier 2 Capital
Listing: Hong Kong S.E.
Bookrunner: BNP Paribas, CCB International, CLSA, China International Capital Corporation (CICC), Citigroup, Credit Agricole CIB, Deutsche Bank, HSBC, Standard Chartered Bank
Depository: Clearstream Banking S.A., Euroclear Bank

Asian Infrastructure Investment Bank (AIIB) (Aaa/AAA/AAA), 1.125% 15sep2026, GBP 500 mln
Initial issue price (yield): 99.535% (1.23%)
Listing: Luxembourg S.E.
Bookrunner: Bank of Montreal, BofA Securities, HSBC, Nomura International
Depository: Clearstream Banking S.A., Euroclear Bank

Taixing Zhiguang Environmental Protection Technology, 1.95% 19jan2023, USD 100 mln
Initial issue price (yield): 100% (1.95%)
The purpose of placing: Working Capital, Refinance
Listing: Hong Kong S.E.
Bookrunner: China Zheshang Bank, Dingxin Securities, Donghai Securities, Zhongtai International Securities
Depository: Clearstream Banking S.A., Euroclear Bank

Malaysia
CIMB Bank (A3/A-/-), 2.125% 20jul2027, USD 500 mln
Initial issue price (yield): 100% (2.13%)
Spread to US Treasury bonds: 70 bp
The purpose of placing: General Corporate Purposes, Working Capital, Investment, Refinance
Listing: SGX, Bursa Malaysia (KLSE)
Bookrunner: BofA Securities, CIMB Group, JP Morgan, Standard Chartered Bank
Depository: Clearstream Banking S.A., DTCC, Euroclear Bank

Turkey
Coca-Cola Icecek (B2/-/BBB-), 4.5% 20jan2029, USD 500 mln
Initial issue price (yield): 98.526% (4.75%)
Spread to mid-swaps: 306.2 bp
Bookrunner: BofA Securities, HSBC, JP Morgan, Mitsubishi UFJ Financial Group
Depository: Clearstream Banking S.A., Euroclear Bank

Chile
Compania Cervecerias Unidas (-/-/A-), 3.35% 19jan2032, USD 600 mln
Initial issue price (yield): 99.874% (3.37%)
Spread to US Treasury bonds: 165 bp
Bookrunner: BofA Securities, Citigroup, Goldman Sachs, JP Morgan
Depository: Clearstream Banking S.A., Euroclear Bank

Czech Republic
CTP N.V (/BBB-/-)., 0.875% 20jan2026, EUR 700 mln
Initial issue price (yield): 99.738% (0.94%)
Spread to mid-swaps: 95 bp
The purpose of placing: Refinance
Listing: Irish S.E.
Bookrunner: CIT Group, Erste Group, Goldman Sachs, JP Morgan, RBI Group, Societe Generale, UniCredit
Depository: Clearstream Banking S.A., Euroclear Bank

Qatar
Doha Finance (Baa1/-/-), 0.465% 24jan2024, CHF 175 mln
Initial issue price (yield): 100% (0.47%)
Spread to mid-swaps: 93 bp
Listing: SIX
Bookrunner: Credit Suisse, Deutsche Bank

India
Indian Railway Finance Corp (Baa3/BBB-/BBB-), 3.57% 21jan2032, USD 500 mln
Initial issue price (yield): 100% (3.57%)
Spread to US Treasury bonds: 185 bp
Listing: NSE International Exchange, India International Exchange
Bookrunner: BNP Paribas, DBS Bank, HSBC, Mitsubishi UFJ Financial Group, Standard Chartered Bank, State Bank of India
Depository: Clearstream Banking S.A., Euroclear Bank

JSW Infrastructure (Ba2/-/BB+), 4.95% 21jan2029, USD 400 mln
Initial issue price (yield): 100% (4.95%)
The purpose of placing: Capital Expenditures, Refinance
Listing: India International Exchange
Bookrunner: Axis Bank, Barclays, Deutsche Bank, Emirates NBD, Standard Chartered Bank
Depository: Clearstream Banking S.A., DTCC, Euroclear Bank