Asian issuers unlikely to follow Aussie covered bonds soon

Banks from across Asia have long considered selling covered bonds, but so far only Australian, New Zealand and South Korean borrowers have tapped the market. That is not likely to change anytime soon, Ted Packmohr, a covered bond analyst, told EuroWeek Asia. Investors may be ready to move away from a heavy supply of European names — but there are just not enough Asian issuers that fit the bill.