Chinese issuers flexible after poll shock

Volatility after Donald Trump's election has sidelined many Asian bond issuers. Chinese issuers are the exception — and their impatience to raise funds is encouraging them to adopt some novel approaches.

Donald Trump is making investors scared again. The election of Trump on November 8 has pushed Treasury yields dramatically higher, scuppered bond deals, and pushed up new issue premiums. As the end of the year approaches, some bankers are now trying to discourage their clients from rushing to the market.

“We tell issuers if they have the flexibility they should wait,” said an Asian debt syndicate head. “The rate volatility is not subsiding any time soon.”

Most issuers appear to have taken that advice. But many Chinese issuers are ploughing ahead with bonds, trying to hit their funding plans before the year ends and their regulatory...

¬ 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 subscription (2-5 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 subscription (2-5 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