Deals
Euro Lures Asia After Record Dollar Debt Splurge: Credit Markets
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Asian borrowers are setting their sights on the euro after selling the most dollar-denominated bonds on record last month, as speculation the European Central Bank will ease policy cuts funding costs to an all-time low.
South Korea, Asia’s fourth-largest economy, meets investors in Europe this week to pitch its note sale, after Bharti Airtel Ltd., India’s largest mobile-phone carrier, earlier in May offered euro-denominated securities for the third time in six months. Macquarie Bank Ltd. sold a 500 million euro ($681 million) debenture in April.