Asia sees a melting pot of dollar bonds

China Citic Bank sells Asia’s first Additional Tier 1 bond, while Chalco raises its second perpetual note and State Bank of India offers a dual-tranche deal.

April has seen a wide assortment of dollar-denominated bonds with the latest being Asia’s first Additional Tier 1 bond from China Citic Bank, Aluminum Corporation of China’s Chalco senior perpetual note and State Bank of India’s dual-tranche transaction all of which were issued on Thursday.

Dollar bonds reached $13.7 billion with 16 deals in Asia ex-Japan in April so far, most of which came in the second week of the month $7.1 billion with nine transactions, according to Dealogic data.

The week of April 7 saw sovereigns, financials and corporates tapping the dollar market for funding in the form of Basel III-compliant bonds, dual-tranche transactions,...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222