Asian debt markets got off to a blazing start this year with four borrowers Shimao Property, Sun Hung Kai Properties, Lippo Karawaci and India Eximbank marketing dollar bonds to investors on Monday night. On top of this, a slew of investor meetings for potential deals were also announced.
In past years issuance has been kicked off by seasoned borrowers such as the Philippines or Hutchison, but it was the Chinese high-yield sector that set the ball rolling this year with Country Garden and Kaisa Group raising $750 million and $500 million, respectively, last week.
According to one senior debt capital markets banker, the Asian dollar bond supply...
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