Intime and Thailand access alternative bond investors

Intime Department Store taps the high-yield dim sum market, while Thailand addresses inflationary fears with its first inflation-linked bond.

Asia’s primary debt markets took on an exotic flavour at the end of last week. Signs emerged that Chinese high-yield borrowers might make a sustainable return, while Thailand met investors’ anxieties about rising consumer prices by issuing its first inflation-linked bonds.

Intime Department Store Group raised Rmb1 billion $155 million through a three-year dim sum bond in the offshore renminbi market. It was the first issue from a non-state linked Chinese high-yield borrower in any...

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