Asian dollar bond spree ends with a flourish

CLP Power, Korea Land and Housing, and State Grid raised $4.5 billion on Monday, taking advantage of an issuance window before the May 1 holiday.

Asian dollar bond spree ends with a flourish
Asian dollar bond issuance has set a new record in April

As the May 1 holiday nears, Asia’s debt capital market is closing out its busiest month on record with a flourish after CLP Power, Korea Land and Housing, and State Grid raised a total of $4.5 billion on Monday.

Borrowers are keen to make use of the issuance window before global markets break for Labour Day and before the second half of 2014 when interest rates are expected to rise. Also, February and March were...

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