Asian bond stampede ahead of break

The rush to sell bonds before Chinese New Year has brought issuance to a year-to-date record.

Debt investors are bracing themselves for a tepid fortnight, as Chinese issuers take a step back from the market ahead of Chinese New Year in late January “The market is going to shut down for an entire two weeks,” said a syndicate banker in Singapore

But there is little doubt that investors and issuers are going into the holiday on a high Asia’s bond market has now experienced its busiest start to a year, despite several weeks of quiet issuance in early January

Asian issuers outside of Japan had sold $21 22 billion by Thursday morning, according to Dealogic data That is 83% higher than they sold by the same day last year, and still...

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