RioPrevidencia brings new issue; ADB launches offering; Alibaba schedules roadshow

By Aleesia Forni

Virginia Beach, Nov. 14 – Brazil’s RioPrevidencia issued bonds during a mostly quiet Friday session for emerging markets bonds.

The company sold an upsized $1.1 billion issue of notes due 2027.

Also on Friday, Asian Development Bank launched a $1 billion offering of seven-year global notes.

In forward calendar news, China’s Alibaba Group Holding Ltd. (A1/A+/A+) announced a roadshow ahead of a planned dollar-denominated offering of bonds.

The meetings will begin in Boston and Hong Kong on Monday before moving to New York and Singapore on Tuesday and London on Wednesday.

In the secondary market, the recent issue of Dubai-based Emirates NBD’s 3¼% notes due 2019, which priced at 99.963, traded at par bid, 100¼ offered, a London trader said.

The notes were quoted at 100.20 bid, 100.30 offered late Thursday.

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