bank-of-china-hong-kong-raises-16-billion-in-week-of-record-issuance

Bank of China Hong Kong raises $1.6 billion in week of record issuance

Despite volatile markets in Europe and the US, nine bond issuers came to market in Asia last week, including Noble, Chandra Asri, New World, KDB and Star Energy. But Bank of Baroda postponed the launch of its planned deal.
 The Bank of China building in Hong Kong (left)
The Bank of China building in Hong Kong (left)

Asian stocks suffered heavily across the board on Thursday and Friday last week due to concerns that the ongoing sovereign debt problems in Europe could upset the global economic recovery and conditions in the debt markets were volatile throughout the week. In spite of this, Asian issuers managed to price nine deals last week, raising a record $5.4 billion.

Early in the week, Industrial Bank of Korea tapped the market for $350 million and Rizal Commercial Banking Corp raised $250 million. They were followed over the next few days by another seven deals as issuers tried to use the current market window before central banks in the region consider raising...

¬ 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