Bond pipeline

Borrowers line up deals ahead of Memorial Day weekend

Vedanta, Lonking and GCL-Poly could raise more than $2 billion before the weekend, while Kia Motors and Aluco join the queue to issue bonds in the G3 market.

Asian debt markets are poised for a busy few days as borrowers rush to issue more than $2 billion of G3-currency bonds ahead of a long weekend in the US.

“People are trying to get deals out,” said one banker. GCL-Poly Energy and Lonking Holdings have spent the past few days meeting investors, and Vedanta Resources is expected to price a deal tonight.

However, market conditions have been jittery, with a sell-off in equities during the past few days. Getting deals away could be a challenge.

GCL-Poly wraps up roadshows in the West Coast today. China’s biggest producer of solar polysilicon...

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