Follow-on activity is starting to pick up across Asia, but volatility is making after-market performance difficult to judge for buyers and sellers alike.
High-flying homebuilder fires on all cylinders for fresh capital – raising $3 billion in equity just a week after pulling nearly $1 billion from bond sales.
The property firm returns to the dollar bond market this week, pulling off a deal it was forced to abandon in November. But unlike the last attempt, the company's latest bond sells under the radar.
Volatility after Donald Trump's election has sidelined many Asian bond issuers. Chinese issuers are the exception — and their impatience to raise funds is encouraging them to adopt some novel approaches.
Mainland firms are looking to diversify offshore as the renminbi depreciates, with the goal of helping wealthy Chinese individuals buy financial products in Hong Kong.