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  • Vietnam has perhaps not been the best communicator in the Asian capital markets. Mandating banks to lead manage a sovereign deal and then keeping investors guessing for nine months as to your schedule is hardly a strategy international arrangers would recommend.
  • The commotion about the New Delhi International Airport modernisation project highlights the hollowness of India’s vaunted plans to revamp its crumbling infrastructure.
  • Country Garden has developed an unhealthy knack of upsetting bond investors, and through no real fault of its own.
  • Experience teaches you a great deal. If something looks too good to be true, it very often is.
  • How heartening it was to see a South Korean issuer tap the bond markets last week. Not only was Korea Midland Power’s $300m deal the first of the year from corporate Asia — albeit with a strong sovereign link — it was also a rare example of a Korean borrower leaving a little on the table for investors.
  • If the credit markets are really in as bad a state as the papers would have us believe, how was the Philippines able to get almost 10 times the orders it needed for its $500m 2032 tap?