China Orient pushes Asia bonds past $212b

The Chinese asset management firm’s $500m tap of its existing bond pushes the region’s total debt capital market volumes to new heights.

China Orient pushes Asia bonds past $212b

Asia’s debt capital market is sputtering to a close before Christmas holidays with a few borrowers reopening the issuance of their outstanding bonds, pushing volumes to an all-time high.

On Thursday evening, China Orient priced a $500 million reopening of its existing 3.75% dollar bond offering expiring in September 2019, the second drawdown of the asset management firm’s $2 billion medium-term note programme set up in September.

The five-year offering executed...

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