The Southeast Asian country raises its first dual-tranche bond of the year, obtaining a $20 billion order book and pricing it flat to its secondary offerings.
Deal could come as early as Wednesday, with South Korea under pressure to print a deal, to set up a benchmark for other Korean issuers looking to tap the bond market.
Indonesia raises 30-year money and Philippine port operator ICTSI reopens its hybrid issue, but both deals trade below their issue price in the secondary market.