Southern Power Grid, Socam join debt binge

But there are subtle indications that that Asia's G3 primary bond market may be suffering from a little indigestion.

A pair of Chinese rookies extended Asia's dollar-bond rush on Thursday, with state-owned China Southern Power Grid raising $1.5 billion from a dual-tranche offering and Shui On Group's property construction arm selling a $200 million three-year note.

Both deals were oversubscribed, with China Southern Power garnering more than $2.5 billion of orders and Socam Development receiving $550 million-worth of interest for its unrated deal.

Even so, there are hints that the region's red-hot primary bond market could be losing a little momentum after secondary market trading disappointed.

“Following the poor secondary performance of State Grid bonds, Southern Power bonds were mixed,...

¬ 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 subscription (2-5 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 subscription (2-5 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