Bonds sizzle as public holiday encourages supply

07 May 2011

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: India’s 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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