Asian issuers flood dollar market

China Overseas Land, Evergrande and HDFC Bank join the flurry of issuers in accessing global debt markets, spurred by declining Treasury yields.

Asian issuers flood dollar market

A flurry of Asian issuers particularly North Asian entities has hit the global debt capital markets amid speculation that the US Federal Reserve will further delay the tapering of its bond-purchase programme, leading to a decline in US Treasury UST yields.

Haitong International Finance raised a whopping $900 million five-year debut bond with a coupon of 3.95% on Tuesday. The Reg S registered deal was priced 12.5bp tighter than its initial price guidance of Treasuries...

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