Trio of China credits prepare jumbo dollar deals

The old saying that you wait ages for a bus and then suddenly three arrive all at once may come to bear in the Asian debt markets next week, with the Republic of China, Hong Kong Land and Citic Pacific all lining up for launch within days of each other.

For dollar investors starved off meaningful supply since the onset of the Asian crisis, the prospect of three sizeable transactions from the much sought-after Greater China region is likely to be readily welcomed. Bankers, nevertheless, remained concerned that $2 billion in new paper from three separate credits may prove too much and too distracting all at the same time.

A $1 billion 10-year offering for the Peoples Republic of China was first mandated to Goldman Sachs, JP...

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