You would not be forgiven for missing the resurgence in the debt markets, despite the headlines being dominated by last weekend's football. Last week the Korea Exchange Bank, ICICI Bank and Bank of East Asia BEA printed benchmark deals. Adding to that, Li Fung returned with a $350 million tap of its existing 2020 bonds.
Issuers have been sitting on the bench for quite some time looking for opportunities to comfortably and confidently access the market. Those opportunities were present during the latter half of last week when, as one banker put it, it was a good week to be doing deals.
Typically pricing on a Friday...
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