Bumper week for MTNs in Asian currencies

Issuance of Indian rupee MTNs is at record levels this year, with dealers citing higher yields and a stable exchange rate for the flows. Elsewhere in the market, Malaysian ringgit has made an appearance for the first time this year.

  • By William Chambers
  • 08 Feb 2018

“Masala bond issuance has been very consistent, with yields drifting higher while the FX has remained range-bound,” said Sameer Rehman, head of local currency bonds at TD Securities. “The market has seen a number of transactions from supranationals and occasional Indian corporates.”

Export-Import Bank of Korea printed a Rp3.175bn ...

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