A bank, a developer and a retailer walk into a market...

As global markets are becoming increasingly difficult to predict, Asia's international debt pipeline will look to sell one investment grade and two high-yield deals later this week.
Despite the continued weakness in global bond markets, three new offshore offerings are expected to hit the market later this week. Korean government-owned National Agricultural Cooperative Federation NACF, Philippine developer Megaworld and IndonesiaÆs largest retailer Matahari Putra Prima will all look to test a market starved of new issuance.

It's good to see some deal flow again, one banker assesses. But it's very definitely a buyers' market out there at the moment.

NACF, the primary banker to KoreaÆs farming community, is currently on the road with a $400 million Reg-S lower-tier 2 10-year non call five-year deal led by BNP Paribas, Calyon, and Merrill Lynch. Investor presentations will take place in Singapore and...
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