Asian issuers smash records with frenetic start to the new year

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By Morgan Davis
07 Jan 2021

Asia’s dollar bond market reopened this week with record issuance. Issuers are usually keen to get in ahead of the Chinese New Year holiday, but the start to 2021 has seen a rush of new primary deals like never before. Bankers said the supply will continue, although they expect it to slow down in the next few weeks. Morgan Davis reports.

Dollar borrowers in Asia ex-Japan raised a combined $21.6bn from 28 deals on Monday, Tuesday and Wednesday, according to Dealogic and GlobalCapital Asia data. Seven more deals were launched on Thursday, along with mandates for others. On Tuesday, 13 trades went live in Asia, making it a record ...

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