Asian bond deals have tapered to a halt amid fears of a US policy shift, but year-to-date issuance of both equity and debt remains higher than last year.
Equity capital markets
A total of $1.2 billion has been raised in the Asian equity capital markets through 13 deals this week, up slightly from the $840 million raised in the same period last week and brings year-to-date volume to $79.3 billion, up 9% compared to the $72.5 billion raised in the same 2012 period.
Sean Cunningham takes on the newly created role at the asset manager in Singapore; he was most recently head of Asia ETFs at JP Morgan Asset Management in Hong Kong.
Edmund Leong, head of Group Corporate Banking and Investment Banking at UOB, explains to FinanceAsia how Asean’s evolution into an even more dynamic end-market is enticing corporates to scale across borders – in turn driving demand for integrated financing, advisory and capital markets solutions. And those banks with regional reach and local expertise should be pivotal to the region’s next growth phase.
Capital is flowing back into Asian debt markets, but investors are becoming increasingly selective. Fitch Ratings says stronger sovereigns and their banks and corporates continue to access funding, while rising oil prices, currency pressures and external vulnerabilities are sharpening the differentiation with weaker credits.