Asian investors bought a record amount of US dollar bonds in 2017 from the region’s companies and go
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www.xy-global.com
2018-01-09 14:57:37
Asian investors bought a record amount of US dollar bonds in 2017 from the region’s companies and governments, a trend bankers expect to be built on this year and a sign the continent is becoming less reliant on US investors.
Sovereigns, corporations and financial institutions sold a record amount of dollar-denominated bonds last year, and Asian investors bought more of them than before.
More than $340bn was raised by Asian issuers, excluding those in Japan, last year, up from $211bn the previous year, according to analytics group Dealogic. JPMorgan data show that 76 per cent of this issuance was distributed in Asia in the last quarter of 2017.
“The Asia market has grown significantly; it has matured and developed in a way that Asian issuers can get large bond deals done just by relying on Asian demand,” said Gaetano Bassolino, head of Asia Pacific debt capital markets at UBS.
Sovereigns, corporations and financial institutions sold a record amount of dollar-denominated bonds last year, and Asian investors bought more of them than before.
More than $340bn was raised by Asian issuers, excluding those in Japan, last year, up from $211bn the previous year, according to analytics group Dealogic. JPMorgan data show that 76 per cent of this issuance was distributed in Asia in the last quarter of 2017.
“The Asia market has grown significantly; it has matured and developed in a way that Asian issuers can get large bond deals done just by relying on Asian demand,” said Gaetano Bassolino, head of Asia Pacific debt capital markets at UBS.