Global A&T postpones dollar bond as high-yield bid wanes

Time is running out for Asia's high-yield borrowers to issue this year, with Global A&T Electronics being the latest to postpone its bond.

The window for Asia’s high-yield corporate borrowers to issue dollar bonds is fast vanishing, with Global AT Electronics being the latest to postpone its $625 million high-yield bond. The year is drawing to a close and investor appetite for speculative-grade bonds has clearly waned.

The company was planning to issue a six year-bond callable after three years and had embarked on roadshows to Asia and the US. However, on Tuesday, when roadshows concluded,...

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