IPE QUEST - A Danish asset manager is tendering a $25m (€18m) emerging market corporate bond mandate, using IPE Quest.

Nykredit Asset Management said that while the initial sum in mandate QN1162 would be set at $25m, it expected investments to grow rapidly.

It added that, because emerging market corporate bonds are a relatively new asset class, it was accepting companies without an established track record in the tender process.

However, the mandate says the preferred track record will be at least three years, with interested parties asked to submit performance data gross of fees up until the end of 2010.

Further, experience with high yield and investment-grade debt - either in emerging markets or other regions - is desirable, Nykredit said.

Applicants may use either the JP Morgan CEMBI Broad Diversified index or the JP Morgan CEMBI Diversified index as a benchmark.

Nykredit said managers would be allowed to invest in hard and local currency bonds.

All submissions must be made by 25 February via IPE Quest, while questions on the mandate can be directed at Esben Ørum Tiedemann at Nykredit Asset Management.

The IPE.com news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email jayna.vishram@ipe-quest.com.