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  • Asian borrowers need real persuasion to get them back into the international capital markets, so it’s encouraging to hear that so many of them are considering bond issues.
  • Disagreements between banks are as common as hazy days in Hong Kong. Big differences in strategy, on the other hand, are unusual.
  • I suppose it had to happen sooner or later. Credit spreads in the international markets had to come in enough to tempt the mighty Export-Import Bank of Korea to sell a benchmark bond in one of the G3 currencies.
  • Appetite for Indian risk is back, and in a big way. Barely six weeks ago the idea of anyone stumping up $21bn of debt for an Indian borrower was simply unthinkable.
  • It is a stressful time for everyone in the financial markets. Investors are uneasy, bonuses have been slashed and most of all, jobs are not very secure.
  • The end of April is a popular time for merry-making in the Asian loan markets, and why not? Bankers need a little more rest and relaxation these days to cope with the stress of dealing with such tricky markets.