Asia DCM pipeline hinges on US payrolls

06 Jun 2013

Debt bankers were holding their breaths on Friday for when the US Bureau of Labor Statistics announced May nonfarm payrolls at 830am EST, as the results will decide the fate of mandated deals that have been waiting weeks for the right time to come.

Dollar bond deals from names such as Canara Bank, China Longyuan Power Corp, Hilong Holding, Lenovo, PTT Exploration & Production, Republic of Korea, SK Innovation and Syndicate Bank have been sitting on the sidelines. They have been waiting for underlying rates to stabilise after US Federal Chairman Ben ...

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