Depressed HY secondary pricing forces primary rethink

04 Feb 2013

Secondary market prices in the Asian HY bond market have fallen January due to excessive issuance, already leading companies to consider their primary market strategies.

The lacklustre secondary market performance of several Asian high yield bonds in January, attributed to excessive supply is weighing on bonds’ secondary performance.

This is leading some companies to re-evaluate their primary market issuance strategies in an effort to cut through the crowd.

“The performance of recent deals has ...

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