Yingde Gases breaks Asia high-yield silence

The Chinese industrial gas producer raises Asia’s first high-yield bond in three weeks, re-pricing its yield curve with a $250 million bond.

Yingde Gases breaks Asia high-yield silence

Yingde Gases sold a capped $250 million 5.5-year bond on Thursday, defying global market fears and re-pricing its overall funding curve.

The 144AReg S-registered offering, which is callable after 3.5 years, is the first high-yield note to hit debt markets in three weeks. Asia’s fixed-income market came to a standstill in the past few weeks due to the increase in geopolitical risks stemming from the Russia-Ukraine crisis and the conflict in Iraq.

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