Asia Pacific

China’s central bank will open the country’s biggest bond market to banks, insurance companies and brokerages in Hong Kong and Macau as well as to central banks around the world, it said this week.

Wal-Mart returned to the Samurai market for its third heavily oversubscribed deal in Japan, pricing ¥100bn in three tranches. The book carried around ¥230bn of real orders, with a broad distribution across the main Japanese investor classes.

Vietnamese steel company Hoa Phat Group Joint Stock Co made its bond debut at the end of last week, raising D800bn ($41.9m) from a rare domestic debt issue.

Vietnamese steel company Hoa Phat Group Joint Stock Co made its bond debut at the end of last week, raising D800bn ($41.9m) from a rare domestic debt issue.

Foreign investors have become more crucial to Asia’s local bond markets this year as undervalued currencies have offered them the double whammy of coupon returns and principal appreciation.

Vietnamese steel company Hoa Phat Group is planning to make its domestic bond debut as early as next week, EuroWeek Asia can reveal.