Asia bond markets saw a whopping $6 billion in issuance overnight from the likes of Tata Steel, Greenko and China Exim Bank as investors look to put money to work.
The China-heavy Asian high-yield sector is set to see new players emerging in the coming months, with Indian corporates Greenko, GCX and Tata Steel setting the scene.
Investors see attractive value in Chinese corporate issuers’ US dollar bonds, especially from the investment-grade space, as onshore credit conditions ease.
Korea's top selling rice cooker brand launches IPO, and seeks to raise up to $247 million. Earnings will be driven by exports and consumers upgrading rice cookers.