Morning Commentary: Emerging Asia deals continue to flow; Europe, Middle East ‘super quiet’

By Rebecca Melvin

New York, Aug. 25 – New deals continued to flow in Asia in both hard and local currencies early Friday, but emerging markets elsewhere were mostly quiet, sources said.

Franshion Brilliant Ltd. priced a $200 million add-on to its existing $300 million of 4% perpetual notes, and in local currencies Thailand’s WHA Corp. PCL issued 100 million baht of 3.15% three-year debentures at par, Singapore’s Keppel Telecommunications & Transportation Ltd. priced S$100 million of seven-year fixed-rate notes at par with an initial coupon of 2.85%, China’s Guolian Securities Co., Ltd. issued RMB 1 billion of 5% three-year bonds on Thursday, and Panda Green Energy Group Ltd. issued RMB 500 million of additional 6.72% corporate bonds due 2020.

In the Central & Eastern Europe, Middle East and Africa region, there were no deals announced and trading was “super quiet overall,” a trader said.

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