HONG KONG, Sept 19 (IFR) - Asian credit markets traded in a tight range as investors kept their attention to the FOMC meeting which begins today in the US.
The Asia ex-Japan iTraxx investment-grade index was spotted 1bp tighter at 71bp/72bp.
SoftBank Group’s latest US dollar-denominated 4.75% 2024s and 5.125% 2027s were still below par at 99.2 and 99.6 respectively, according to Thomson Reuters data, suggesting the US$6.05bn equivalent transaction was still taking time to be digested across international markets.
The Japanese tech giant’s perpetual non-call six and non-call 10s were bid at 100.71 and 100.25.
Wynn Macau’s dual tranche US$600m 7NC3s and US$750m 10NC5s were trading at 101.88 and 101.62. The proceeds will be used to buy back the US$1.35bn 2021s.
Recent Japanese financial deals from Sumitomo Trust Bank and MUFJ Lease were wrapped around par.
Hyundai Capital Services’ US$600m five-year and US$300m 10-year notes were trading lower at around 97.8-98.8, according to Thomson Reuters data.
Evergrande and Kaisa’s curves were unchanged today, a Hong Kong-based trader said.
Reporting by Frances Yoon; Editing by Vincent Baby