Australian debt issuers dominate
Three bond deals from Australia drove debt market issuance in Asia-Pacific (ex-Japan) last week, with the country accounting for almost half of the total debt issued by all financial institutions so far this year. Uncertainty in stock markets damaged equity activity, although M&A volume was strong. Asiamoney.com rounds up last week’s capital markets activity across the region.
Australia’s financial institutions continue to dominate the region’s debt markets as three lenders eagerly tapped into buoyant investor sentiment to sell bonds last week.
They raised US$3.1 billion in all, bringing the total raised by Australian debt issuers to US$82.9 billion so far this year. It represents 47%
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