IFR International - 03.11.2018

The Reg S notes were priced at Treasuries plus
BP ûORûBPûINSIDEûINITIALûGUIDANCEû&INALû
ORDERSûWEREûNOTûDISCLOSED ûBUTûDEMANDûWASûSAIDû
to have peaked at three times the deal size.

"ANKERSûSAIDûPRICEûDISCOVERYûWASûQUITEû

lengthy as Mirae Asset Daewoo was

3OUTHû+OREASûlRSTûSECURITIESûlRMûTOûISSUEû

53ûDOLLARûBONDSûMEANINGûTHEREûWEREûNOû

DIRECTûCOMPARABLESû!TûlNALûPRICINGûTHEû

deal was seen as offering a higher return

THANû4RIPLEû"û3OUTHû+OREANûCORPORATESûANDû

banks.

Oct 25 2018 Kaisa US$175m incr

(US$250m)

Jun 30 2021 7.875 93.417 - -

Oct 25 2018 Kaisa US$75m incr

(US$325m)

Jun 30 2021 7.875 93.478 - -

Oct 29 2018 Shinhan Bank US$500m Nov 5 2023 3.875 99.443 T+105 3.999

Oct 29 2018 Oceanwide Holdings US$215m Oct 31 2021 (Put Apr 30

2020)

12 100 - YTM 12%, YTP 14.513%

Oct 30 2018 Evergrande (Hengda Real

Estate)

US$565m Nov 6 2020 11 100 - 11

Oct 30 2018 Evergrande (Hengda Real

Estate)

US$645m Nov 6 2022 (Nov 6 2020) 13 100 - 13

Oct 30 2018 Evergrande (Hengda Real

Estate)

US$590m Nov 6 2023 (Nov 6 2021) 13.75 100 - 13.75

Oct 30 2018 China Citic Bank

International (AT1)

US$500m Perpetual (Nov 6 2023) 7.1 100 T+415.1 7.1

Oct 30 2018 AVIC International Leasing US$350m Nov 6 2021 4.625 99.931 T+175 4.65

Oct 30 2018 Taizhou Infrastructure

Construction

US$300m Nov 6 2021 5.8 100 - 5.8

Oct 30 2018 Empresa Nacional del

Petroleo

US$680m Nov 6 2029 5.25 99.92 T+215 5.261

Oct 30 2018 KDB €300m incr

(€800m)

Jul 17 2023 0.625 99.792 MS+37 / B+95.1 0.67

Oct 31 2018 ABC HK US$500m Nov 7 2021 3mL+74 100 3mL+74 -

Oct 31 2018 ABC HK US$300m Nov 7 2023 3mL+85 100 3mL+85 -

Oct 31 2018 Bluestar Finance Holdings US$300m Perpetual (Nov 2021) 6.25 99.664 T+343.4 6.375

Oct 31 2018 Mirae Asset Daewoo US$300m Nov 7 2021 4.125 99.582 T+135 4.275

Oct 31 2018 PT Pertamina (Persero) US$750m Nov 7 2048 6.5 98.06 - 6.65

Oct 31 2018 REC Limited US$700m Nov 13 2023 5.25 99.44 T+240 5.38

Oct 31 2018 Guohui International US$600m Nov 5 2019 5.7 100 - 5.7

Oct 31 2018 China Fortune Land US$100m incr

(US$630m)

Jul 31 2021 9 100 - 8.99

Oct 31 2018 MDC-GMTN (Mubadala

Development Co)

US$800m Nov 7 2028 4.5 99.586 MS+135 / T+141.2 4.552

Oct 31 2018 Oil & Gas Holding Company

(nogaholding)

US$500m Nov 7 2024 7.625 100 T+464.7 7.625

Oct 31 2018 Oil & Gas Holding Company

(nogaholding)

US$500m Nov 7 2028 8.375 100 T+523 8.375

Nov 1 2018 Changchun Urban

Development

US$400m Nov 8 2021 5.7 100 T+277.8 5.7

Nov 1 2018 Shangri-La Asia S$825m Nov 12 2025 4.5 100 - 4.5

Nov 1 2018 Ascott Residence Trust S$100m Nov 9 2023 3.523 100 - 3.523

Nov 1 2018 Dubai Aerospace (DAE

Funding)

US$500m Nov 15 2023 5.75 100 T+279 5.75

Nov 1 2018 Dubai Aerospace (DAE

Funding)

US$500m Nov 15 2021 5.25 100 T+236 5.25

GLOBAL EMERGING MARKETS BOND DETAILS: WEEK ENDING 2/11/2018

Pricing date Issuer Amount Maturity Coupon (%) Reoffer Spread (bp) Yield (%)