Trio hit Asian G3 bond market

Ping An, China Energy Reserve & Chemicals Group and Woori Bank join Evergrande Real Estate in a busy week for international bonds by Asian borrowers.

Asian debt capital markets finally hit their stride on Tuesday with three issuers raising a combined total of $2.1 billion. 

After a quiet first week to the year, two Chinese issuers and one Korean borrower all executed deals that achieved their pricing targets despite choppy market conditions.

Ping An Life raised $1.2 billion from a debut dollar-denominated bond, while China Energy Reserve Chemical Group CERC raised $400 million in acquisition financing and Woori returned to the offshore markets for the first time since its merger with Woori Financial Holdings to bank a $500 million offering.

Ping An lives it up

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