With the Fed decision to postpone its tapering of his bond buying program.
"With economic fundamentals still weak in some places and investors expecting the Fed to act later this year, companies are trying to seize what could be a brief window in which to do deals. This week saw the most new share sales in Asia since May, while companies outside of Japan have sold US$15 billion of bonds so far this month, the largest amount in four months.
The run of deals comes after a choppy three months, when Asian countries from Indonesia to India were hit by heavy selloffs in their stocks, bonds and currency markets as investors anticipated a tapering of the Fed's quantitative-easing program, which had flooded the world with cash.
For the many Chinese companies looking to list, Hong Kong is the only option because mainland China stopped approving new listings last October amid flagging share prices. Hong Kong's stock market has rallied 8.2% since September, boosting the allure of new offerings.
For now, the pipeline of stocks and bonds looks healthy, the strongest in months. China state-owned energy company China General Nuclear Power Corp. plans to issue a benchmark U.S. dollar bond, which would be at least $500 million, according to a person familiar with the situation. And Korean companies including Woori Bank are lined up to issue bonds next week, with at least $2.5 billion of funds scheduled to be raised, according to a person close to the planned deals".according to the Wall Street Journal.
"With economic fundamentals still weak in some places and investors expecting the Fed to act later this year, companies are trying to seize what could be a brief window in which to do deals. This week saw the most new share sales in Asia since May, while companies outside of Japan have sold US$15 billion of bonds so far this month, the largest amount in four months.
The run of deals comes after a choppy three months, when Asian countries from Indonesia to India were hit by heavy selloffs in their stocks, bonds and currency markets as investors anticipated a tapering of the Fed's quantitative-easing program, which had flooded the world with cash.
For the many Chinese companies looking to list, Hong Kong is the only option because mainland China stopped approving new listings last October amid flagging share prices. Hong Kong's stock market has rallied 8.2% since September, boosting the allure of new offerings.
For now, the pipeline of stocks and bonds looks healthy, the strongest in months. China state-owned energy company China General Nuclear Power Corp. plans to issue a benchmark U.S. dollar bond, which would be at least $500 million, according to a person familiar with the situation. And Korean companies including Woori Bank are lined up to issue bonds next week, with at least $2.5 billion of funds scheduled to be raised, according to a person close to the planned deals".according to the Wall Street Journal.
