Asian borrowers benefiting from strong regional demand

Bonds for First Pacific, IOI and Hang Lung attract strong demand from Asian investors.

Despite the volatility in global financial markets, Asia’s dollar bond markets stayed busy last week, with four issuers — First Pacific, Hang Lung Properties, IOI Corp and Korea Exchange Bank — printing bonds. Collectively, they raised $2.2 billion, mainly from Asian investors. Korea Exchange Bank was the only issuer to market its deal to onshore US investors.

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