Bond-financed LBOs beckon for Asia

Asian LBOs in future are more likely to be financed through the region’s debt capital markets rather than bank loans, the Asifma annual conference heard.

Asia has yet to fully catch the leveraged buyout bug and what LBOs there have been have largely been funded with loans rather than bonds. But times are changing, a capital markets conference in Singapore heard on Thursday.

Because of the greater flexibility afforded, panellists at the annual conference of the Asia Securities Industry Financial Markets Association said they expected most future LBOs in Asia to be financed via debt capital markets.

“Bonds are more flexible when it comes to the packaging of a security and much easier to do,” Enrique Becerra, managing director for the Asia-Pacific sponsors group at Bank of America Merrill Lynch,...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222