OQ, the Omani state-owned oil company, launched a dollar bond on Wednesday as some market participants assessed that the primary market landscape was returning to normal now that US Treasury yield volatility has subsided.
Saudi Arabia's Red Sea Development Company has raised a green loan, marking the second deal of its kind raised in the kingdom and the first in local currency. Funds will be used to support the development of the country's new tourist attraction, the Red Sea Project.
Ukraine entered the bond market on Monday seeking dollar funding at a time when it faces a number of problems from heightened military tensions with Russia to uncertainty over its relationship with the IMF.
Emerging markets bond buyers and issuers are regaining confidence as US Treasury volatility falls, with issuance in CEEMEA and Latin America having picked up in recent days and a pipeline building.
By Mariam Meskin
11.00 AM
The Mexican conglomerate Fomento Económico Mexicano (Femsa) was in the market for sustainability-linked bond in euros on Thursday, marking the latest in a string of innovative trades from the Latin America.
Femsa, rated A-/A by S&P and
Fitch, was marketing a dual tranche consisting of seven and 12 year tranches. Initial price thoughts were 85bp area over mid-swaps on the May 2028s and 105bp area over mid-swaps on the May 2033 tranche.Both tranches will be subject to a
coupon step-up of
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