This week has been a slow one in the Asian debt markets, with public holidays in Hong Kong on Wednesday and Friday, and most investors packing their bags for the upcoming Easter vacation. However, consumer electronics company and chip maker Samsung Electronics early Tuesday morning returned to the debt markets with an ultra-low-yielding $1 billion bond that was predominantly sold to US investors.
Samsung Electronics is headquartered in Korea but the deal was being run out of the US with North America scooping up 90% of the deal. Asian investors took 6% and European investors 4%. The chip company printed the five-year bond at Treasuries plus 80bp, well below the...
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