bank-of-china-hong-kong-raises-16-billion-in-week-of-record-issuance

Bank of China Hong Kong raises $1.6 billion in week of record issuance

Despite volatile markets in Europe and the US, nine bond issuers came to market in Asia last week, including Noble, Chandra Asri, New World, KDB and Star Energy. But Bank of Baroda postponed the launch of its planned deal.

The Bank of China building in Hong Kong (left)

Mei Tuicolo

February 08, 2010

Asian stocks suffered heavily across the board on Thursday and Friday last week due to concerns that the ongoing sovereign debt problems in Europe could upset the global economic recovery and conditions in the debt markets were volatile throughout the week. In spite of this, Asian issuers managed to price nine deals last week, raising a record $5.4 billion.

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