asian-bond-issuance-up-in-2007

Asian bond issuance up in 2007

Higher investment-grade volumes and a strong private-debt sector point to a more sophisticated Asian bond market.
Corporate and high-yield bond issuance stands at $31 billion with 80% of that denominated in dollars in the first half of 2007 compared to a total volume last year of $38 billion, showing strong growth in Asia's public bond market.

Korean issuance remains approximately the same as last year, and combined with India accounts for 50% of the total volume.

India and Greater China, meanwhile, account for 32% of the total, compared to just 7% in the same period last year. ICICI India priced a $2 billion offering earlier this year, while Chinese high-yield property developments have had a strong presence in the market.

In terms of corporate high-yield, issuance is tracking last year's supply...
¬ Haymarket Media Limited. All rights reserved.

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