MNI EM Credit Weekly

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EXECUTIVE SUMMARY

• Week recap: overall positive sentiment across all regions. In Asia, focus was on relations between India/US and China/US. In CEEMEA, valuations for Senegal’s sovereign bonds plummeted in secondary. In Latam, Argentina’s corporate issuers flocked to the market.
• The week ahead: New issuance likely to remain strong. In Asia, watch for signal from corporate results for the electric vehicle sector and AI investment. In CEEMEA, we watch for developments in Senegal. In Latam, Chile presidential and congressional elections are in focus. Key referendum in Ecuador this Sunday.

Sovereign credits mentioned: China, India, Burkina Faso, Ghana, Nigeria, Senegal, South Africa, Argentina, Brazil, Chile, Ecuador.

Corporate credits mentioned: Alibaba, China Overseas Land property, China Resources Land, Korea Land & Housing Corporation, Malayan Banking Berhad, Mineral Resources, Posco Holdings, Singapore Telecom, Xiaomi, GoldFields, IHS, Endeavour Mining, Majid Al Futtaim, Dubai Islamic Bank, Bank of Sharjah, FAB, National Bank of Oman, Kuwait Finance House, Cez, PKO Bank, Slovenske Elektrarne, Sisecam, Ulker, Vestel, Alsea, Braskem, Pampa Energia, Pluspetrol, TGS, Tupy.