ASIA CREDIT CLOSE: Post-FOMC rally continues

March 18, 2016 9:13 AM

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HONG KONG, March 18 (IFR) - The rally in Asian credit continued on Friday, with new issues capturing a bulk of the frenzied buying from yield-hungry investors.

Investors chasing higher-yielding debt from established issuers drove Shinhan's new T2 2026s 10bp tighter to 195bp, while ICICI's US$700m 2026s, which sold off to as much as 219bp in aftermarket early this week, tightened as much as 8bp to a 211bp bid.

Also read: Credit Suisse Trims Targets but Says Revamp Is Working

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