2022-06-03 16:56:12
Largest EM issues of May 31 - June 3
Issue | Volume
Philippines
Asian Development Bank (ADB)(Aaa/AAA/AAA), 0.8% 6jul2027, CHF 200 mln
Spread to mid-swaps: -12.5 bp
Listing: SIX
Bookrunner: Credit Suisse
China
Chongqing Nan'an District City Construction Development (Group(-/NR/BBB), 4.98% 6may2025, USD 300 mln
Initial issue price (yield): 99.945% (5.00%)
The purpose of placing: Refinance
Listing: SGX
Bookrunner: CLSA, CNCB Capital, China Galaxy International Securities, DongXing Securities, Haitong International Securities Group, Industrial Bank, Shanghai Pudong Development Bank, Shenwan Hongyuan Group
Depository: Clearstream Banking S.A., Euroclear Bank
Arranger Legal Adviser (Domestic law): Grandall Law Firm
Arranger Legal Adviser (International law): Linklaters
Issuer Legal Adviser (Domestic law): China World Law Firm Alliance (SGLA)
Issuer Legal Adviser (International law): King & Wood Mallesons
Xianjin Industry Investment, 3.9% 8jun2025, USD 500 mln
The purpose of placing: Project Finance
Listing: Hong Kong S.E.
Bookrunner: Agricultural Bank of China, Bank of China, Bank of Communications, CNCB Capital, China Everbright Bank, China International Capital Corporation (CICC), China Merchants Bank, China Minsheng Banking, Guotai Junan Securities, Industrial Bank, Shanghai Pudong Development Bank
Depository: Clearstream Banking S.A., Euroclear Bank
Zhuhai Huafa Group(-/-/BBB), 4.25% perp., USD 350 mln
Initial issue amount: 250,000,000 USD
Spread to US Treasury bonds: 379.6 bp
The purpose of placing: Refinance
Listing: Hong Kong S.E., 40806
Bookrunner: Agricultural Bank of China, Bank of Communications, CLSA, CNCB Capital, China Galaxy International Securities, China Industrial Securities International Financial Group, China International Capital Corporation (CICC), China Merchants Bank, GF Securities, Guotai Junan Securities, Haitong International Securities Group, Huajin International Holdings, SMBC Nikko Capital, Shenwan Hongyuan Group
Depository: Clearstream Banking S.A., Euroclear Bank
Hong Kong
CNCB (Hong Kong) Investment(-/BBB/BBB), 2.9496% 8jun2023, USD 200 mln
Depository: Clearstream Banking S.A., Euroclear Bank
Qatar
QNB Finance Ltd(Aa3/-/-), 3.82% 10jun2027, HKD 155 mln
Listing: London S.E.
Bookrunner: JP Morgan
Depository: Clearstream Banking S.A., Euroclear Bank
BOND SEACH
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