Asia G3 bond floodgates set to open

Asia's debt markets are expected to welcome the new year with a rush of G3 bond deals, supported by a surge in refinancing needs and M&A activity, potentially surpassing 2013’s volume.

An increase in refinancing as well as MA activity is likely to spur Asia ex-Japan G3 bond volumes in 2014, potentially beating this year’s record-high.

Dollar-denominated debt in the region is expected to reach $150 billion in 2014, with a bulk of gross issuance or $106 billion to come from corporates across investment grade and high yield sectors, according to Morgan Stanley. Another $34 billion is envisaged to come from financials and the remaining $10 billion from sovereigns.

Refinancing needs are going to be one of the key drivers for G3 bond supply next year. “Redemptions are high next year because 2009-2010 were fairly large issuance...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222