Make hay while the sun shines that certainly seems to be the rule of thumb among borrowers these days, judging by the slew of issuance in the market.
On Thursday, four issuers Trade and Development Bank of Mongolia, Kasikornbank, Maybank and Olam tapped investors with dollar bonds. And the previous day, Sino Land, PTT Global Chemical and Kaisa collectively raised $1.75 billion.
“There are a number of reasons why Asia’s bonds markets are so active at the moment,” said Bryan Collins, portfolio manager at Fidelity. “The summer is over and companies have just posted their first-half results and are tapping the Reg-S144a market while their accounts...
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