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.

  • 20 Sep 2012

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, ...

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