Asian debt capital markets finally hit their stride on Tuesday with three issuers raising a combined total of $2.1 billion.
After a quiet first week to the year, two Chinese issuers and one Korean borrower all executed deals that achieved their pricing targets despite choppy market conditions.
Ping An Life raised $1.2 billion from a debut dollar-denominated bond, while China Energy Reserve Chemical Group CERC raised $400 million in acquisition financing and Woori returned to the offshore markets for the first time since its merger with Woori Financial Holdings to bank a $500 million offering.
Ping An lives it up
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