Bond market revival gives second chance to debut issuers

Three darts in bullseye 230x150
By Morgan Davis
18 Jan 2018

A receptive market and generous pricing worked in favour of China’s Concord New Energy Group and Indonesia’s Sawit Sumbermas Sarana (SSMS) this week, as both managed to pull off debut dollar bonds two months after failed attempts. Morgan Davis reports.

A few months is a lifetime in the credit markets, as Concord and SSMS found this week. When the two companies approached investors in November with their first attempts at selling dollar bonds, the market backdrop was weak and investors were cautious about their year-end investments, forcing both ...

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