Asia's IG market reopens with triple helping

China Communications Construction, Formosa Plastics, and Haitong International collectively raise nearly $2.8 billion worth of dollar-denominated bonds.

Asia's IG market reopens with triple helping
China Communications Construction prices its first dollar bond

Asian bond markets reopened with a bang on Tuesday as China Communications Construction, Haitong International, and Formosa Plastics all launched dollar-denominated deals.

With the passing of the blackout period and Easter hiatus, Beijing-based China Communications Construction priced a $1.1 billion perpetual bond offering that is callable in year five at a yield of 3.5%, according to a term sheet seen by FinanceAsia.

Another inaugural issuer was Formosa Plastics,...

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