Asia G3 DCM brace for a busy January

A flurry of bond deal announcements in the first week of 2014 has set the stage for what could be a busy January, with Sovereign Sri Lanka and a Chinese property company marketing dollar notes.
Sri Lanka is in the midst of marketing a five-year dollar benchmark bond - the country’s first since July 2012.
Sri Lanka is in the midst of marketing a five-year dollar benchmark bond - the country’s first since July 2012.

Sovereign Sri Lanka and Guangzhou-based RF Properties are marketing five-year dollar benchmark bonds while Kaisa Group has announced a tap issue of its existing 2018 notes all of which are slated to close as early as Monday.

The flood of bond issuance is spurred by improved market sentiment after the Federal Reserve Fed decided to cut its monthly bond purchases to $75 billion from $85 billion in December, suggesting headwinds that have held back the US economy may be abating.

This resulted in the stabilisation of US Treasuries USTs, which were extremely volatile over the past few months when 10-year rates would spike by...

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