CapitaLand and Nan Fung mark end to busy bond week

Regional syndicate bankers must have heaved a collective sigh of relief when last week drew to a close. Even on Friday usually a day when deal prints take a pause there were two bonds being marketed to investors, namely Nan Fung and CapitaLand, which collectively raised $700 million on Friday evening.

“It’s a momentum play,” said one Singapore-based investor on Friday. “We’ve seen some of the tail risk being removed with the German court decision. It’s tough to say how long this issuance will last some people think it will only be two to three weeks, but I think it could continue until Christmas.”

There was...