Oil & gas majors fuel record Asian G3 bond sales

Sinopec and Cnooc debt offerings sustain China as the region's biggest issuer, while the Philippines vaults into second place due to a dearth of issuance from Korea and India.

Asian borrowers have sold a record amount of international bonds so far this year even though the pace of issuance has moderated since early September in the face of US Federal Reserve’s inaction on interest rates, China’s slowing growth, and oil price volatility.

Issuers raised a record $154.7 billion in 309 deals in the first nine months, marginally higher than the $150 billion raised via 294 transactions during the same period last year, according to data provider Dealogic.

Three of the five biggest issuers this year have sprung from the oil and gas sector, placing the recent see-sawing crude prices in stark relief. The...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222