Standard Chartered

The Republic of the Philippines sold its largest international bond in more than a decade this week, raising $2.75bn from a deal that received strong support from investors confident about the country’s control of Covid, and its outlook. It even managed to get away with a record low coupon on one of the tranches.

Investors took a long-term view on Hong Kong Airport Authority’s $1.5bn perpetual bond on Tuesday, shrugging off any Covid-19 related travel concerns to place $14.5bn of orders. Morgan Davis reports.

Hong Kong's Airport Authority proved that Covid-19 related travel worries are of little concern for its dollar bond investors. The issuer attracted a final order book of $14.5bn for its $1.5bn dual-tranche deal on Tuesday.

Four Chinese borrowers hit the dollar bond market on Tuesday, raising $745m between them.

Top tier Turkish lender VakifBank was in the market on Tuesday for its debut sustainable dollar bond, which market participants say is likely to gain strong demand from a wide investor base.

India's TML Holdings used its ties to parent company Tata Motors to appeal to investors in a $300m bond sale on Thursday.

China Construction Bank priced a Rmb8.4bn Jianyuan 2020-12 residential mortgage-backed securities (RMBS) this week, attaching two international ratings to an all-floating rate deal.

The Kingdom of Thailand raised Bt20bn ($659.5m) from a syndicated bond on Tuesday, tapping its 15 year sustainable deal.

CEEMEA sovereign borrowers extended their last minute funding spree this week with Romania joining Ivory Coast in the primary bond market.

The Ivory Coast has sparked life into what has been a bleak year for sub-Saharan African bond issuance. Most sovereigns have turned to the official sector to support them throughout the coronavirus crisis as a result of being priced out of the international debt capital markets, bankers said.

Oman, one of only two sub-investment grade sovereign credits in the Gulf region, tapped two of its dollar bonds for $500m this week as it seeks to shore up state finances.

China Development Bank returned to the offshore renminbi bond (CNH) market after six years with the largest print in the currency for 2020.