Korea Expressway, PLN kick off busy week for Asian bonds

The week got off to a busy start on Monday with investment-grade toll-road company Korea Expressway tapping the dollar market for $500 million and Lippo Karawaci increasing the size of its existing 7% 2019s with a $100 million tap.

Shortly after that, Indonesia state-owned utility company Perusahaan Listrik Negara PLN was in the market with a 30-year bond on Tuesday. The initial guidance was at 5.625%. Barclays and Citi are joint bookrunners.

“It’s going to be another busy week, with another 10 deals and most of the deals coming towards the latter part of the week,” said one debt banker.

Among these deals are...