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Investors have lots of cash and are eager for new issuance
Investors are keen for new bonds and better rated borrowers may not want to issue in numbers
2026's lead in issuance over 2025 has shrunk since the US-Iran war broke out
Data
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Malaysian rubber glove manufacturer Top Glove Corp is aiming to raise up to HK$14.95bn ($1.93bn) from a dual primary listing in Hong Kong.
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Singapore real estate company United Industrial Corp has raised a $300m loan comprising both green and sustainability-linked tranches, adding further momentum to the nascent asset class in Asia.
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Tuya, an internet-of-things cloud platform provider, is eyeing around $100m from an IPO of American depositary shares (ADS).
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In this round-up, factory and services activity growth slows down in China, the securities regulator tweaks rules on exchange market corporate bond issuance, and the New York bourse moves ahead with delisting Chinese oil giant Cnooc on alleged military ties.
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HSBC has names Christina Cheah as head of global banking for Malaysia.
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Brazilian mining giant Vale said on Friday that it plans to prepay its €750m January 2023s as record iron ore prices allowed it to build cash levels greater than its gross debt.
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