ICICI braves conditions to bring $150m LT2 as two others delay
After months of intense deal flow, Asian bond markets this week stumbled amid worries that included the crisis in Ireland, doubts over the effects of quantitative easing, and fears over price controls in China.
Indias ICICI Bank was the only issuer able to close a bond before EuroWeek Asia went to press on Thursday night, braving the weak market conditions to sell a $150m lower tier two bond early in the week.
Indonesian power company Energi Mega Persada and Chinese property developer
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