Largest EM issues of Januarу 20-24 Issue | Volume Philippin | Cbonds Global

Largest EM issues of Januarу 20-24

Issue | Volume

Philippines
Asian Development Bank (ADB) (Aaa/AAA/AAA), 2.442% 4feb2032, AUD 120 mln
Initial issue price (yield): 100% (2.44%)
The purpose of placing: General Corporate Purposes
Bookrunner: TD Securities
Depository: Clearstream Banking S.A., Euroclear Bank

Guatemala
Central American Bottling Corporation (Ba2/NR/BB+), 5.25% 27apr2029, USD 1,1 bln
Initial issue price (yield): 99.266% (5.38%)
The purpose of placing: General Corporate Purposes, Refinance
Bookrunner: Citigroup, JP Morgan
Depository: Clearstream Banking S.A., DTCC, Euroclear Bank

China
Fu Gang Construction Group, 2.1% 25jan2025, USD 100 mln
Initial issue price (yield): 100% (2.10%)
The purpose of placing: Project Finance
Listing: Hong Kong S.E.
Bookrunner: China Merchants Bank, Guotai Junan Securities, Haitong International Securities Group
Depository: Clearstream Banking S.A., Euroclear Bank

Taian City Development and Investment, 3.75% 26jan2023, USD 110 mln
Initial issue price (yield): 100% (3.75%)
The purpose of placing: General Corporate Purposes, Refinance
Listing: Hong Kong S.E.

Hong Kong
ICBCIL Finance Company Ltd.(A2/A/A), 2.125% 27jan2025, USD 700 mln
Initial issue price (yield): 99.706% (2.23%)
Spread to US Treasury bonds: 90 bp
Bids: 1,400,000,000 USD
Geographic breakdown: Asia (95%), Europe, the Middle East and Africa (5%)
Investor breakdown: Banks and Financial Instituitions (70%), Asset and Fund Managers (19%), Central banks, Pension Funds and Private banks (11%)
The purpose of placing: General Corporate Purposes, Refinance
Listing: Hong Kong S.E.
Bookrunner: ANZ, Agricultural Bank of China, BNP Paribas, Bank of China, Bank of Communications, BofA Securities, CCB International, China Merchants Bank, Citigroup, DBS Bank, HSBC, ICBC, Industrial Bank, JP Morgan, Mitsubishi UFJ Financial Group, Mizuho Financial Group
Depository: Clearstream Banking S.A., Euroclear Bank

ICBCIL Finance Company Ltd.(A2/A/A), 2.7% 27jan2027, USD 500 mln
Initial issue price (yield): 99.722% (2.76%)
Spread to US Treasury bonds: 115 bp
Bids: 1,100,000,000 USD
Geographic breakdown: Asia (99%), EMEA (1%)
Investor breakdown: Banks and Financial Instituitions (73%), Asset and Fund Managers (17%), Insurance Companies, Pension Funds and Private Banks (10%)
The purpose of placing: General Corporate Purposes, Refinance
Listing: Hong Kong S.E.
Bookrunner: ANZ, Agricultural Bank of China, BNP Paribas, Bank of China, Bank of Communications, BofA Securities, CCB International, China Merchants Bank, Citigroup, DBS Bank, HSBC, ICBC, Industrial Bank, JP Morgan, Mitsubishi UFJ Financial Group, Mizuho Financial Group
Depository: Clearstream Banking S.A., Euroclear Bank

Slovenia
Nova KBM (Baa1/-/BBB-), 1.875% 27jan2025, EUR 300 mln
Bids: 475,000,000 EUR
The purpose of placing: General Corporate Purposes, Bail-in
Listing: Luxembourg S.E.
Bookrunner: BNP Paribas, Goldman Sachs, JP Morgan, UniCredit
Depository: Clearstream Banking S.A., Euroclear Bank

Paraguay
Paraguay(Ba1/BB/BB+), 3.849% 28jun2033, USD 500,6 mln
Initial issue price (yield): 99.994% (3.85%)
Bookrunner: Citigroup, Goldman Sachs
Depository: Clearstream Banking S.A., DTCC, Euroclear Bank

Chile
Sociedad de Transmision Austral, 4% 27jan2032, USD 390 mln
Initial issue price (yield): 97.933% (4.26%)
Spread to US Treasury bonds: 250 bp
Bids: 550,000,000 USD
Bookrunner: Bank of Nova Scotia, Itau Unibanco Holdings
Depository: Clearstream Banking S.A., Euroclear Bank