European borrowers bond with Asia

Asian investors are embracing more lower rated European borrowers as the hunt for yield continues.

European borrowers bond with Asia

Marquee European corporates such as Spain’s Telefónica, Britain’s Vodafone and Electricite de France have joined the fundraising rush in Asia, but also lower-rated firms are able to raise capital in the region.

As financial turmoil roiled the West almost a decade ago, banker Alain Gallois could only look on as Asian debt capital markets boomed. Now, having relocated to Hong Kong from Paris a year ago, he is among those looking to broker more deals...

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