China

Industrial Bank of Korea (IBK) has returned to the Malaysian ringgit market a year after its last trip and has shown that Malaysia still offers cheap dollar funding for Korean companies.

The Islamic Bank of Thailand is looking to sell Islamic bonds in the Malaysian ringgit market in 2009 in the first sale of Shariah-compliant from Thailand.

Pakistan’s National Transmission and Despatch Co (NTDC) sold a Prp80bn ($995m) five year deal this week, the biggest bond ever issued in Pakistan’s nascent domestic debt market.

The Australian bond markets showed new signs of a recovery this week as Tabcorp began marketing a rare corporate deal and RBS added to a UK-guaranteed bond.

The Australian bond markets showed new signs of a recovery this week as Tabcorp began marketing a rare corporate deal and RBS added to a UK-guaranteed bond.

San Miguel Brewery, the biggest brewer in the Philippines, showed the depth of Asia’s local bond markets this week when it raised Ps38.8bn ($803m), setting a new record in the Philippine peso market.

South Korean oil company GS Caltex met investors in Malaysia this week as it tried to drum up demand for a potential Islamic bond.

Westpac Banking Corp completed a A$3.06bn ($2bn) government guaranteed bond issue on Wednesday, setting a new record in the Australian debt markets and proving the depth of demand for government backed debt.