Spencer Anderson is a senior report at IFR on the people and markets desk. Since joining in 2011 he has written extensively on banking regulation, tax issues and capital markets. He was previously with the Financial Times.
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China National Chemical Corporation received a strong response from European investors for its debut euro-denominated bond offering, following a string of acquisitions in the region.
China Aluminum International Engineering Corp (Chalieco) became the second Asian issuer of high-yield bonds last week to the surprise of many. A number of people in the market were convinced that lower-rated offerings were impossible in the climate.
Asian borrowers are facing higher new-issue premiums as buyer sentiment has become more skittish in an unpredictable political climate.