Asia’s international bond markets are witnessing a bifurcation that is opening up opportunities for the region’s higher rated issuers - but not for its lower rated ones - as investors become ever more selective in the run up to the year-end.
The trend became evident after market participants returned from their summer break, and bankers and fixed income analysts predict that it is likely to continue through October at the very least.
This means that deals by investment grade credits, which are able to draw on a wide international investor base, are trading well as long as they are priced to perform. During September, stand-out deals included...
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