Powerlong and Korea Hydro sell a combined $700 million of bonds

Powerlong issues yet another high-yield China property bond, while Korea Hydro delivers a stable Korean credit that attracts demand for 10 times the $500 million deal size.

Asia’s debt capital markets returned to form last week with another three deals raising a combined $1.7 billion on late Thursday nightearly Friday morning, following a $1 billion bond from DBS earlier in the week. Powerlong Real Estate Holdings challenged the waning investor enthusiasm for China's busy property sector with a $200 million high-yield offering, while Korea Hydro and Nuclear Power Company brought yet another $500 million quasi-sovereign from Korea that attracted large demand.

Also pricing in this...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS