Largest EM issues of Januarу 17-19 Issue | Volume Philippin | Cbonds Global

Largest EM issues of Januarу 17-19

Issue | Volume

Philippines
Asian Development Bank (ADB) (Aaa/AAA/AAA), 0.8% 31jan2024, HKD 300 mln
Initial issue price (yield): 100% (0.80%)
Listing: Luxembourg S.E.
Bookrunner: Morgan Stanley
Depository: Clearstream Banking S.A., Euroclear Bank

Venezuela
Corporacion Andina de Fomento (CAF) (Aa3/A+/A+), 0.45% 24feb2027, CHF 350 mln
Initial issue price (yield): 100.235% (0.40%)
Spread to mid-swaps: 47 bp
Listing: SIX
Bookrunner: Credit Suisse, Deutsche Bank
Depository: Clearstream Banking S.A., Euroclear Bank, SIX SIS

Czech Republic
CPI Property Group (Baa2/BBB/-), 2.75% 22jan2028, GBP 400 mln
Initial issue price (yield): 98.68% (2.97%)
Settlement Duration: 6.46 years
Listing: Irish S.E.
Bookrunner: Barclays, Goldman Sachs, JP Morgan
Depository: Clearstream Banking S.A., Euroclear Bank
Arranger Legal Adviser (Domestic law): Allen & Overy
Arranger Legal Adviser (International law): Allen & Overy
Issuer Legal Adviser (Domestic law): Dentons
Issuer Legal Adviser (International law): Dentons

China
Guangdong Communication Group, 2.358% 25jan2027, USD 500 mln
Initial issue price (yield): 100% (2.36%)
Spread to US Treasury bonds: 75 bp
The purpose of placing: Working Capital, Project Finance, Refinance
Listing: Hong Kong S.E.
Bookrunner: Agricultural Bank of China, Bank of China, Bank of Communications, CCB International, CITIC Securities International, CLSA, China Everbright Bank, China International Capital Corporation (CICC), Emirates NBD, GF Securities, Guotai Junan Securities, Haitong International Securities Group, ICBC, Industrial Bank, Luso International Banking, OCBC, Standard Chartered Bank
Depository: Clearstream Banking S.A., Euroclear Bank

Jiaozuo City Investment Group, 5.5% 20jan2023, USD 100 mln
Initial issue price (yield): 100% (5.50%)
The purpose of placing: General Corporate Purposes, Working Capital, Project Finance, Refinance
Bookrunner: CNCB Capital, Central China Securities, Guotai Junan Securities, Guoyan Securities Investment, Shenwan Hongyuan Group
Depository: Clearstream Banking S.A., Euroclear Bank

Qatar
Qatar National Bank (Aa3/A/A+), 2.4% 25jan2027, HKD 300 mln
Initial issue price (yield): 100% (2.40%)
Listing: London S.E.
Bookrunner: HSBC
Depository: Clearstream Banking S.A., Euroclear Bank