Odebrecht, Korea Gas plan new deals; Korea bonds widen; RAKbank sets roadshow

By Aleesia Forni

Virginia Beach, June 9 – Emerging markets bonds performed well on Monday, while the primary market saw companies including Odebrecht SA and Korea Gas Corp. announce plans to price dollar-denominated deals.

One source noted that the market retained a “solid footing” on Monday.

In other primary news, Ecuador and National Bank of Ras Al Khaimah (RAKbank) will both begin roadshows this week ahead of planned notes offerings.

The trader said that bonds from Investment Corp. of Dubai continued to be popular during the session.

The company’s bonds due 2020 and 2024 traded around 15 basis points better on the week.

In other secondary market action, bonds from Asia were trading mostly better on the day.

The Republic of Korea’s new dollar notes, which were trading around 10 bps last week compared to Wednesday’s pricing, widened 7 bps on Monday.

Christine Van Dusen contributed to this review.

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