Asian bond trio shrug off global rout

Defying a widening secondary market and a cautious approach by investors, three Asian debt issuers sold $3.6 billion of new bonds on Tuesday.

China Huarong Asset Management, Korea's Doosan Infracore and a local government financing vehicle LGFV from costal Jiangsu province turned to the dollar bond market on Tuesday night, shrugging off widening spreads in the wake of Donald Trump's election.

The three deals were launched after a selloff that saw hundreds of billions of dollars wiped off the value of bonds last week intensified on Monday, as expectations grew that Trump's economic policies would lead to higher interest rates, tougher trade barriers and a widening US debt load.

But despite the volatility, state-owned Huarong rated A3A-A built a meaningful order book for its three-tranche...

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