Record Korea Debt Deal Shows Asia Demand Despite Wobbly Market

SK Hynix Inc. sold the biggest-ever dollar bond offering by a South Korean non-financial company, highlighting continued investor demand for Asian corporate notes even as parts of the market turn bearish.

Investors snapped up the Korean chipmaker’s three-tranche deal, with orders totaling almost five times the $2.5 billion in notes that it offered. And in another sign of demand for the debt in the region, Singapore Airlines Ltd.’s inaugural dollar bonds rose in their first day of trade after pricing.

The dollar note market in Asia excluding Japan has gotten off to its busiest start of the year ever, with ...