Borrowers shift offshore as China gets serious on deleveraging

Rising funding costs and regulators' strict new guidelines for borrowers will prompt a wave of issuance offshore in 2018.

Borrowers shift offshore as China gets serious on deleveraging

The Asian dollar bond market is about to get even more crowded this year. With tighter credit conditions in China, competition among issuers to attract offshore investors will never have been so fierce.

The wall of issuance, estimated by debt bankers to be around $200 billion, will be amplified by Chinese regulators' clamping down on the use of leverage onshore.

The smorgasboard of offshore bonds adding to l...

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