PSA, Olam and KNOC grease dollar bond market

Trio of dollar-denominated issuers mark a busy day for the Asian primary markets.
Issuance speeds up
Issuance speeds up

The Asian G3 bond markets returned from the Ching Ming public holiday on Tuesday to record their busiest day of the year with a quartet of issues. 

From Singapore came a very rare US dollar-denominated offering from PSA Corp, plus a second dollar deal from Olam International.

Korea National Oil Corp KNOC topped off the day's dollar issuance with a dual tranche transaction, while CK Hutchison Holdings also executed a dual tranche offering in euros

Of the three dollar-denominated deals, Aa2AA-AA- KNOC recorded the strongest order book thanks to a very strong bid for longer-dated paper from...

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