This week more than three billion dollars was raised by a raft of issuers in a quest to curtail the effects of weakening U.S. Treasury yields.

Chinese insurer raised a staggering perpetual bond worth an estimated $600 million.

A $1.5 billion 10-year global sukuk was sold by the Republic of Indonesia.

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Other issuances include the state-owned National Savings Bank of Sri Lanka which sold a $250 million five-year note, and Korean Development Bank's $750 million, five-and-a-half year SEC-registered offering. U.S. Treasury yields remain at low levels compared to the levels of nearly three percent that were seen at the beginning of the year.

The US 10-year-yield was at 2.43 percent earlier this week, soaring up 8bp-which is the most since July 30 - after the Institute for Supply Management's factor index climbed to 59, as noted by Bloomberg News data.

This was the highest level since early spring of 2011.

Anish Malhotra, head of bond syndicate Asia Pacific, mentioned in an interview with Finance Asia what his expectations were for the rest of the year.

"There has been a significant pipeline build-up over summer and we expect to see the rest of the year being very busy for bond issuance," he said.

ICBC Macau branch is also in the market with a benchmark 10-year dollar bond that is callable in its fifth year.

An initial price guidance of Treasuries plus 250bp allowed the Reg S-registered note to rise.

Haitong International and Deutsche Bank are the bookrunners and joint global coordinators of the note that is issued to Haitong.

KGI Asia is the other joint bookrunner.

HSBC, ICBC Macau, ICBC International and Standard chartered are joint bookrunners of the proposed dollar issuance by ICBC.