Dollar liquidity supports Asian bond market supply

Borrowers take advantage of positive technical factors, leading to a second day of heavy issuance in the dollar bond market.
Investors have dollars to invest
Investors have dollars to invest

Asian bond markets recorded a second strong day of supply on Wednesday as another trio of issuers took advantage of a firmer market tone and investors' willingness to put their rising dollar inventories to good use.

HNA group's full-service carrier Hong Kong Airlines made its debut, while Korea Midland Power returned to the offshore markets for the first time in two years and the Export-Import Bank of India Exim executed India's first benchmark offering of the year. 

All three deals benefited from strong technical factors underpinning Asian G3 bonds, although as fixed-income analysts and bankers point out, these could rapidly disappear if borrowers continue to pile...

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