The market for unrated bonds, or debt instruments that have not been assessed by a credit rating agency, has has been growing at a steady pace and is likely to stay for the foreseeable future as high net worth individuals continue to search for yield.
Based on conventional wisdom, rated credits in Asia are expected to grow as the market continues to develop. While this is true, unrated bonds have surprisingly been growing at a faster pace, according to panellists at FinanceAsia’s Borrowers Investors conference held in Singapore on October 30.
Clifford Lee, head of fixed-income at DBS in a panel titled State of the...
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