Dollar-bond

Alibaba draws $46B demand for $7 bond sale

Alibaba Group Holding Ltd. sold 7 billion dollar bonds Wednesday in a deal that investors clamoured for, ordering more than six times as many securities as were for sale.The deal eclipsed China Evergrande Group’s 6.6 billion dollar offering in June to become the biggest sale in Asia from a non-bank issuer, according to data compiled by Bloomberg. Eager investors were already flipping the bonds in the after market late Wednesday in New York.

30 November 2017
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Singapore snubbed as China rules Asian dollar-bond market

It’s been a banner year for Asia’s dollar-bond market, with an unprecedented pace of sales and dozens of debut issuers. But in Singapore, one of the region’s main financial hubs, there’s a note of gloom among its fund managers.The tropical city is starting to get left out in the cold when it comes to marketing offshore dollar debt, in another sign of the increasing influence of China.

27 November 2017
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