Asian companies will need to be nimble in 2015 and time volatile markets well, in order to help them raise capital in the run up to a likely US interest rate hike by the summer.
There are reasons to be optimistic. Asian loan markets remain liquid and debt capital markets are poised to expand further. After being shut for the last couple of years, the US market for initial public offerings has re-opened for Chinese technology companies.
Many Asian companies also still have large piles of cash and, assuming no major economic tailwinds, are expected to continue deploying that money.