Hyundai launches the first auto-related green bond from Asia ex-Japan while issuance starts accelerating in China following the release of issuer guidelines.
Standard and PoorÆs withdraws its rating on the Korean car company's proposed senior note transaction in a move confirming that Asia's credit markets are now closed for the year.
A temperamental market beat down yet another transaction yesterday, with Kia Motors pulling its $300 million transaction. Meanwhile, Hang Seng managed to price its deal thanks to a defensive instrument and a strong credit rating.
Malaysia International Shipping falls victim to market volatility and pulls its $750 million 144a bond deal. Investors are now speculating whether Kia will do the same.