bullish bond market

Fed and ECB moves help drive demand for Asian bonds

Sun Hung Kai & Co, IDBI Bank, Korea Finance Corp and Bangkok Bank take advantage of extraordinary market conditions to launch dollar bonds.
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The Fed's latest round of quantitative easing is flooding into Asia
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<div style="text-align: left;"> The Fed's latest round of quantitative easing is flooding into Asia </div>

Three borrowers came to the market with dollar bonds on Monday night, collectively raising $1.15 billion. Sun Hung Kai Co secured $350 million, while IDBI Bank raised $500 million and Korea Finance Corp $300 million through a tap of its outstanding $500 million 2.25% 2017s.

IDBI attracted a blowout book of $4.5 billion, coming after the Indian government announced reforms late last week and amid tightening credit spreads for the sector, while KoFC attracted $1.4 billion worth of orders.

The bond rush is expected to continue this week, with Bangkok Bank marketing a dual-tranche five-and-a-half and 10-year dollar benchmark to investors on Tuesday, though perhaps at...

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