Asia Dollar Bonds See Busiest Week in 3 Months as Hopson Sells
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Companies from Hong Kong to the Philippines and Australia are seeking to sell dollar-denominated debt, adding to what is already the busiest week for Asia-Pacific offerings in almost three months. Bond risk rose.
Hopson Development Holdings Ltd. is offering five-year notes yielding about 10.5 percent, while Hysan Development Co., another Hong Kong-based developer, is seeking to issue 10-year debt at about 170 basis points more than Treasuries, said people familiar with the deals. International Container Terminal Services Inc., a Manila-based port operator, is marketing 10-year securities at 5.25 percent, according to another person. Commonwealth Bank of Australia plans to sell covered notes.