USD corporate issuance to surge 63% in 2012
The bond market will experience a two-third increase in supply of US dollar corporate debt this year as cyclical constraints and the deleveraging by European banks continue to dampen lending in the region, say analysts.
Asian banks have become less aggressive and are no longer able to provide generous and cheap debt funding compared to the past. As a result, corporate bond supply is expected to rise sharply in 2012.According to a research report released by Morgan Stanley on January 13, the gross ...
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