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,...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition