US demand fuels Kia Motors' $500 million bond

The controversy surrounding Sino Forest hangs over investors, but investment-grade borrower Kia Motors crosses the line with a $500 million bond.

US demand fuels Kia Motors' $500 million bond

Asia’s G3 bond market has been on a shaky footing during the past week, thanks to a confluence of events, from the debt crisis in Greece and weak equity markets to the disappointing US non-farm payrolls data released last Friday.

In particular, the high-yield bond market on a roll so far this year has been vulnerable to bad news. Investors were rattled by a research report released last week by short seller Carson Block on...

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