Asian dollar bonds; from zero to trio

After a dismal Wednesday, Chinese developer Jingrui Holdings, Indonesian ports operator Perlindo, and Korean energy firm Korea Resources collectively raise $2.1b worth of bonds.

 Asian dollar bonds; from zero to trio
Indonesian-based Perlindo markets its first dollar bond in 18 years

After a dismal Wednesday in which there was zero greenback activity, Asian debt capital markets have sprung back to life on Thursday with a triple dollar helping worth $2.1 billion.

Chinese developer Jingrui Holdings sold a $150 million three-year bond at 13.25%, 25 basis points tighter than the initial yield guidance on Thursday night, while Indonesian ports operator Pelabuhan Indonesia II Perlindo priced $1.1 billion 10- and $500 million 30-year notes at 4.375% and...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES