The pipeline for Asian investment grade issuers has reopened after a short lull with Hutchison Port, ICBC Financial, and Beijing Infrastructure tapping debt markets for funding.
Hong Kong-based port operator owned by tycoon Li Ka Shing Hutchison Port and Chinese bank ICBC Financial both priced dual-tranche dollar offerings, according to term sheets seen by FinanceAsia. Chinese metro construction firm Beijing Infrastructure, meanwhile, sold a euro-denominated bond.
Asia's supply of so-called G3 bonds bonds denominated in dollar, euros, and yen have dwindled in the last few days on fears the Federal Reserve may raise benchmark interest rates earlier than expected, buoyed by...
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