Asian corps to issue fewer bonds until growth improves: Morgan Stanley
Slowing growth is placing pressure on Asian balance sheets and corporates are responding by cutting spending, meaning bond supply volumes will fall in the near term, says Morgan Stanley.
Leverage in Asia has continued to increase but low growth figures are increasingly placing pressure on the balance sheets of Asian corporations, which have begun to respond conservatively by cutting spending and shoring up liquidity.
As such, a moderation in bond supply is likely until growth picks up,
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.