Asian borrowers push out opportunistic issuance

China Fishery, Guoco Group and State Bank of India tap investors for funds, while others line up ahead of the summer lull.

In spite of difficult market conditions and an unfurling European debt crisis, a slew of issuers are pushing out bonds, keen to capture any window to tap investors for funds.

“We are seeing a rush to issue bonds, with many borrowers trying to get deals done ahead of the summer lull,” said Bryan Collins, portfolio manager at Fidelity. “Most of them are issuing opportunistically and seeking out the best cost of funding, so some issuers are turning to the dim sum market instead of dollars.”

Guoco's Tung Centre, in Singapore

Guoco Group was in the market last night...

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