China Merchants, K Wah, Bank of Ceylon raise $1.2 billion

China Merchants and Bank of Ceylon each raise $500 million in the dollar bond markets, while K Wah closes a $200 million deal.

Asia’s dollar bond markets continued to bang out deals on Thursday night, with a mixed bag of borrowers wading in. Hong Kong-listed China Merchants Holdings International and K Wah collectively raised $700 million, while Sri Lanka’s Bank of Ceylon launched a $500 million bond and Indonesia oil giant Pertamina was also expected to price a dual-tranche bond this morning.

Bankers are advising clients to take money off the table whenever they can. “Markets have been...

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