April has seen a wide assortment of dollar-denominated bonds with the latest being Asia’s first Additional Tier 1 bond from China Citic Bank, Aluminum Corporation of China’s Chalco senior perpetual note and State Bank of India’s dual-tranche transaction all of which were issued on Thursday.
Dollar bonds reached $13.7 billion with 16 deals in Asia ex-Japan in April so far, most of which came in the second week of the month $7.1 billion with nine transactions, according to Dealogic data.
The week of April 7 saw sovereigns, financials and corporates tapping the dollar market for funding in the form of Basel III-compliant bonds, dual-tranche transactions,...
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