Oil India, SCB take advantage of long-end demand

dollar focus px230
By Morgan Davis
30 Jan 2019

Are Asian investors ready to embrace duration again? Oil India and Siam Commercial Bank (SCB) proved there is clear demand, rolling out a pair of 10 year bonds on Tuesday. SCB also added a five year tranche.

The Baa2/—/BBB- rated Oil India mandated global co-ordinators Barclays, HSBC and Standard Chartered and lead managers Mizuho and MUFG early last week to market its 10 year notes. Like SCB and a few other Asian borrowers, Oil India was keen to visit the dollar market ahead of Chinese ...

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