Bank of Communications' new offshore issue follows updated guidelines from country’s regulator and could pave the way for similar issuance from other domestic banks.
Time spent with global investors allowed the central Asian republic to slash funding costs and refocus the economy away from coal while paving way for a future issuance.
Republic of Korea has become the first non-European issuer to price a euro bond with a negative yield, but it also reset the benchmark for other Korean issuers.
The steepness of its curve lures offshore investors to the Australian Office of Financial Management’s fourth benchmark issue since the outbreak of the coronavirus pandemic.
After notable silence, Kazakhstan looks set to push ahead with its privatisation programme in 2020. Although unlikely before the second quarter, investors and bankers see good reason its top three major state-owned entities will engage the markets.
After years as a closed economy, the central Asian republic sold a dollar-denominated benchmark in February. One bank followed in November and other issues are planned for next year.