hope-for-a-thawing-bond-pipeline

Hope for a thawing bond pipeline

New bond issues announced after the US Fed's surprisingly large rate cut last week have sparked hope that Asia's G3 bond markets might soon emerge from the duldrums.
Last week sparked hope that AsiaÆs frozen bond pipeline is beginning to thaw following the US Federal ReserveÆs unexpected half-a-percent cut in the policy and discount rate on September 18

In the high-yield market, Chinese property developer Hong Long priced a $90 million bond with warrants on Thursday, although the terms remain unconfirmed

Meanwhile, Standard Chartered succeeded in raising $1 billion on Friday via a 10-year lower tier-2 144a transaction The issue, managed by joint leads Goldman Sachs, JPMorgan, Standard Chartered and UBS, priced with a semi-annual coupon of 6 4% at 99 781 Rated A3 by Moody's, the bonds will yield 6 43%

On a much smaller scale, South KoreaÆs National Agricultural Cooperative Federation...
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