Asian G3 bond markets getting more selective

Series of pulled deals suggests investor interest in riskier corporate debt may be waning.

Signs are mounting that parts of the Asian G3 primary debt market may be taking a breather.

For much of the year it's been a case of almost anything goes, from super-low yielding safe sovereign bonds to higher-yielding but still tightly priced bonds issued by corporate first-timers. But some fixed-income investors have turned more discriminatory of late after a global sell-off in government paper.

At least four companies have pulled their debt sales in the past two weeks, providing further evidence that investors may be losing some of their appetite for riskier types of debt.

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¬ Haymarket Media Limited. All rights reserved.

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