Suhyup, Cnooc and K Wah launch bonds amid strong market sentiment

Bond issuers rush to take money off the table as Asian credit markets tighten.

Borrowers including Suhyup Bank, Cnooc and K Wah International started marketing dollar bond deals to investors on Wednesday as Asian credit markets tightened and sentiment was strong.

“I think there’s been a backlog of deals and borrowers are just taking money off the table while rates are low,” said one Hong Kong-based debt banker. “Plus equity markets haven’t been that great. I don’t think it’s sustainable but there’s plenty of liquidity in the system.”

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