Shutdown ignored as Asian borrowers flood dollar market

First Gen, ICBC Asia, Korean Western Power and Swire Pacific are tapping global bond investors for dollar issuance, impervious to US government shutdown concerns.
Korean Western, subsidiary of Korea Electric Power Corporation (Kepco), sold a five-year bond ahead of a South Korea public holiday on October 3.
Korean Western, subsidiary of Korea Electric Power Corporation (Kepco), sold a five-year bond ahead of a South Korea public holiday on October 3.
October 03, 2013

October looks set to continue the previous month’s flurry of dollar bond issuance by Asian companies as investors shrug off a US government shutdown, reassured by the still-benign policy backdrop. 

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