Asian bond issuers hit the market in force at the end of last week, scrambling to sell bonds at the same time — despite the risk of overcrowding — to avoid what is expected to be a slow start to this week as Hong Kong investors take a public holiday.
At least seven Asian borrowers tapped the international bond market last week, raising a total of $3.15bn. The heavy volumes came despite a slow start: Indias Syndicate Bank was the only issuer to sell a deal before Thursday, leaving six different bond issuers competing for cash at the
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