Asia’s issuers should consider the merits of issuing 144A dollar bonds. While investors at home stay on the sidelines, US bondholders have proved far more willing to buy into primary deals.
It has been a sorry time in Asia’s dollar bond market ever since Federal Reserve chairman Ben Bernanke mentioned the T-word on May 22 and ended a record bull run. Deals have been few and far between and many of the bonds that have got across the line
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