Asia bonds hit roadblock as heavy supply continues

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By Morgan Davis
24 Sep 2020

Weak investor sentiment, oversupply and aggressive pricing strategies hurt the Asian dollar bond market this week. As issuers rushed to sell deals before China’s Golden Week holiday and the US presidential election in November, many were left with transactions that fell short of expectations or slumped in the secondary market. Morgan Davis reports.

Bond investors have been overwhelmed with supply this month. Issuers from Asia ex-Japan sold $41bn of public dollar bonds between September 1 and 23, according to Dealogic. That’s in comparison to the $36bn raised in all of September last year. The flow this month also came on the ...

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