Mongolia Meets Investors; Thanksgiving Slows Issuance: "Asia debt risk is poised to close at the lowest level in more than two weeks, according to prices from Westpac Banking Corp. (WBC) and data provider CMA. Mongolia, an exporter of coking coal, is seeking to raise as much as $5 billion from bonds and loans for rail and power projects, Vice Economy Minister Chuluunbat Ochirbat said last month. The extra yield Asian companies pay over Treasuries to sell dollar debt fell for the first time in more than two weeks yesterday, according to HSBC Holdings Plc indexes. Mongolia is “in a pretty sweet spot, if you’re looking at it from a resource standpoint,” said Brayan Lai, a desk analyst in emerging market credit trading at Jefferies Group Inc. in Singapore. Mongolia will likely be flexible on timing given less constraints around required funding, he said.
Bond Risk
Kookmin Bank will also consider a capital markets transaction after meetings in Singapore, Hong Kong and London next week, a person with knowledge of those details said."
'via Blog this'
