McCarthy bullish on second half debt issuance

Bank of America''s President for Asia outlines why he remains optimistic despite rising interest rates.

The Asian debt markets will continue be robust in the second half, predicts Colm McCarthy, Bank of America's president in Asia. McCarthy estimates there will be $20 billion of debt issuance in the second half.

It's been a busy first half and it looks like that will continue, says McCarthy. The pipeline is strong and with interest rates turning, that could mean that some issuers may try to launch their bonds sooner rather than later.

He adds that he is optimistic on the region's prospects.

I am optimistic. Japan has found a way forward. China is dominating the regional economy...

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