Chinese issuers flexible after poll shock

Volatility after Donald Trump's election has sidelined many Asian bond issuers. Chinese issuers are the exception — and their impatience to raise funds is encouraging them to adopt some novel approaches.

Chinese issuers flexible after poll shock

Donald Trump is making investors scared again. The election of Trump on November 8 has pushed Treasury yields dramatically higher, scuppered bond deals, and pushed up new issue premiums. As the end of the year approaches, some bankers are now trying to discourage their clients from rushing to the market.

“We tell issuers if they have the flexibility they should wait,” said an Asian debt syndicate head. “The rate volatility is not subsiding any...

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