G3 bond markets in Asia ex-Japan started the year with a mighty bang, and this not only applies to the high-yield sector but also the investment grade area, which has already seen a slew of issuance in the market.
On Wednesday, Korea National Oil Corp KNOC, Wharf Finance, Bank of Baroda and China Overseas Grand Ocean collectively sold $2.55 billion worth of bonds, while, on Thursday, Korea Gas Corp mandated banks to arrange a series of fixed-income investor meetings.
Other corporates such as China Overseas Shipping Finance and Indian Railway Finance have also arranged bond investor roadshows on Wednesday and Monday respectively. Dollar bond issuances could...
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