Largest EM issues of Januarу 19-21 Issue | Volume China Cou | Cbonds Global

Largest EM issues of Januarу 19-21

Issue | Volume

China
Country Garden Holdings (Baa3/BB+/BBB-), 4.95% 28jul2026, HKD (Conv.) 3,9 billions
Initial issue price (yield): 100% (4.95%)
Listing: SGX

Henan Railway Investment (A2/-/-), 2.2% 26jan2025, USD 400 mln
Initial issue price (yield): 100% (2.20%)
The purpose of placing: Working Capital, Refinance
Listing: Hong Kong S.E.
Bookrunner: Agricultural Bank of China, Bank of Communications, CITIC Securities International, CLSA, CNCB Capital, China Everbright Bank, China Industrial Securities International Financial Group, China International Capital Corporation (CICC), China Merchants Bank, China Minsheng Banking, China Securities (International) Finance, China Zheshang Bank, DBS Bank, Guotai Junan Securities, HSBC, Haitong International Securities Group, Hua Xia Bank, ICBC, Industrial Bank, Shanghai Pudong Development Bank, Standard Chartered Bank, Zhongtai International Securities
Depository: Clearstream Banking S.A., Euroclear Bank

Huzhou Moganshan High-tech Group, 3.4% 24jan2025, USD 210 mln
Initial issue price (yield): 100% (3.40%)
The purpose of placing: Working Capital, Project Finance
Listing: Hong Kong S.E.
Bookrunner: Bank of Shanghai, China Huarong Asset Management, China International Capital Corporation (CICC), China Securities (International) Finance, DongXing Securities, Haitong International Securities Group, Huatai Securities, Industrial Bank
Depository: Clearstream Banking S.A., Euroclear Bank

Quzhou Communications Investment Group, 2.5% 25jan2025, USD 200 mln
Initial issue price (yield): 100% (2.50%)
Bookrunner: Agricultural Bank of China, Bank of China, Bank of Communications, Bank of Shanghai, CITIC Securities International, Central Wealth Securities Investment, China International Capital Corporation (CICC), China Merchants Bank, China Securities (International) Finance, China Zheshang Bank, Haitong International Securities Group, Huatai Securities, ICBC, Industrial Bank, OCBC, Shanghai Pudong Development Bank
Depository: Clearstream Banking S.A., Euroclear Bank

Hong Kong
Shenwan Hongyuan (H.K.) (-/BBB/-), 1.5% 26jan2023, USD 200 mln
Initial issue price (yield): 100% (1.50%)
The purpose of placing: General Corporate Purposes
Listing: Hong Kong S.E.

Georgia
Silknet (B1/-/B), 8.375% 31jan2027, USD 300 mln
Initial issue price (yield): 100%
Spread to US Treasury bonds: 676.5 bp
Listing: Irish S.E.