China debut borrowers blast Asia bond pipeline

Chinese borrowers have been opportunistic of late, raising bonds ahead of China’s Golden Week, but the oversupply has dampened the secondary performance of some.

China debut borrowers blast Asia bond pipeline

A huge number of first-time Mainland-based issuers have accessed Asia’s debt capital markets in recent days ahead of China’s upcoming Golden Week holiday, which begins on October 1.

Just this week alone, Asia’s G3 dollar, euro and yen bond market has seen Jiangsu-based securities firm Huatai International Finance, power generator Zhejiang Provincial Energy, Hangzhou-based Geely Automobile and China’s largest semiconductor foundry SMIC just to name a few raise inaugural debt offerings.


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