HY bonds squeeze through narrowing window

Cash collateral margin capital squeeze compress adobe stock AS 230x150
By Addison Gong
20 Sep 2018

Four Chinese high yield issuers sealed bonds on Wednesday, when a total of nine deals were priced in the primary market in Asia ex-Japan, making it the busiest day in the region in months.

“We did know that certain issuers were targeting Wednesday, but we didn’t really see this many deals on both the investment grade and high yield sides coming out at the same time,” admitted a banker on one of the transactions. “But why everyone chose Wednesday instead of Tuesday ...

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