After what was a surprisingly busy summer, Asia’s debt markets are in full swing. The holidays are unfortunately over, people are back at their desks and Asia’s bond markets have returned with a vengeance.
Debt volumes this year have touched historic highs US dollar bond issuance from Asia excluding Japan has already hit $87 billion according to Dealogic, easily exceeding the $77.5 billion seen in 2011. And at least $5 billion worth of supply is expected to hit the market in September.
“Yesterday was the second busiest day in the US market,” said one Asia syndicate banker on Wednesday. “We saw $5 billion printed...