Fed and ECB moves help drive demand for Asian bonds

Sun Hung Kai & Co, IDBI Bank, Korea Finance Corp and Bangkok Bank take advantage of extraordinary market conditions to launch dollar bonds.

Fed and ECB moves help drive demand for Asian bonds

Three borrowers came to the market with dollar bonds on Monday night, collectively raising $1.15 billion. Sun Hung Kai Co secured $350 million, while IDBI Bank raised $500 million and Korea Finance Corp $300 million through a tap of its outstanding $500 million 2.25% 2017s.

IDBI attracted a blowout book of $4.5 billion, coming after the Indian government announced reforms late last week and amid tightening credit spreads for the sector, while KoFC attracted...

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