Bond Rally Cools Off as Asian HY Issuance at Record High
April was a month of cooling off for the Asian bond market after a strong first quarter characterized by dovish Fed commentary, booming bond prices and falling credit spreads. Mark-to-market gains (ex-coupon) for USD denominated bonds in the BEV universe stood at $4.7...
Indian Dollar Bond Issuance Set to Surpass 2017 Record
India Inc’s overseas dollar bond issuances have already surpassed last year’s total of $6.3 billion in just the first 4 months of 2019 with $9.9 billion raised by companies from a range of industries such as State Bank of India ($1.25 billion), Shriram Transport...
Tencent Completes Asia’s Biggest Dollar Bond Sale in 2019 with $6 Billion Issuance
Chinese internet giant Tencent Holdings Ltd. priced $6 billion of bonds in Asia’s biggest sale of dollar debt in over a year, adding to the wave of borrowers fighting to lock in low interest rates. Its 5-part bond issuance – comprising of a 5-year...
