jp morgan

Investors paid little attention to rhetoric between the US and China, with the internet company’s latest $950m bond massively oversubscribed.

Time spent with global investors allowed the central Asian republic to slash funding costs and refocus the economy away from coal while paving way for a future issuance.

Republic of Korea has become the first non-European issuer to price a euro bond with a negative yield, but it also reset the benchmark for other Korean issuers.

The music platform shrugged off souring relations between China and the US, and hit all of the right notes with its two-part bond deal.

The steepness of its curve lures offshore investors to the Australian Office of Financial Management’s fourth benchmark issue since the outbreak of the coronavirus pandemic.

After notable silence, Kazakhstan looks set to push ahead with its privatisation programme in 2020. Although unlikely before the second quarter, investors and bankers see good reason its top three major state-owned entities will engage the markets.

It could be one of the most exciting years ever for Asian frontier market issuance as Indochina gets into first gear.

After years as a closed economy, the central Asian republic sold a dollar-denominated benchmark in February. One bank followed in November and other issues are planned for next year.

Primary market demand is likely to be extremely strong. But will secondary market trading volumes strike the right liquidity balance between Hong Kong and New York?