It has been a busy end to the month, with seven deals worth $5.8bn pricing in this week alone, which comes on top of another $9.6bn of new issuance in the week before.
Hogging the headlines was a jumbo $3.8bn multi-tranche offering from oil and gas firm China National Offshore Oil Corp, which was accompanied by rare appearances from the Bank of India and CLP Power Hong Kong (see separate stories).
“Asia’s been massively undersupplied this year and we’re going to see primary issuance continue to go strong at least until the middle of May, which is when companies start going into accounting blackout once again,” a syndicate banker said. “It’s going to be very busy.”