Euro debt deals hit sweet spot

Asia ex-Japan borrowers have raised a record-breaking amount of euro-denominated bonds this year, with volumes touching $10.8 billion.

The appeal of euro-denominated debt is growing fast in Asia, buoyed by Europe’s low interest rates environment as the pace of recovery in the euro zone continues fall behind that of the US economy.

So far this year, Asia ex-Japan borrowers have raised a record-breaking amount of euro-denominated bonds, with volumes touching $10.8 billion, according to Dealogic data. This is 22% higher than 2013’s annual volume but is only the shape of things to come, according to bankers.

“The theme of tapping the euro market will become more apparent for Asian borrowers over the next year or longer,” Hital Desai, director for debt capital market syndicate, Asia...

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