Fear of rate hikes prompts bond opportunists

ONGC and Kookmin collectively raise $2b, while Sumitomo Mitsui markets a multi-tranche dollar-denominated note and Bank of Baroda reopens a tap.

India’s national oil company Oil and Natural Gas Corp and Kookmin, Korea’s largest bank by assets, tapped the Asian debt capital markets on Monday in search of cheap funding while interest rates remain favourable.

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