China Merchants, K Wah, Bank of Ceylon raise $1.2 billion

China Merchants and Bank of Ceylon each raise $500 million in the dollar bond markets, while K Wah closes a $200 million deal.

Asia’s dollar bond markets continued to bang out deals on Thursday night, with a mixed bag of borrowers wading in. Hong Kong-listed China Merchants Holdings International and K Wah collectively raised $700 million, while Sri Lanka’s Bank of Ceylon launched a $500 million bond and Indonesia oil giant Pertamina was also expected to price a dual-tranche bond this morning.

Bankers are advising clients to take money off the table whenever they can. “Markets have been volatile and are expected to stay choppy. Greece is not going away and we’ve seen some headlines about the European crisis spreading from the periphery to the core to the Netherlands and France. In these...

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