In a record year for bond issuance in Asia, Deutsche Bank finished 2009 as the most active debt capital markets bank in the region and, as 2010 is forecast to be another active year for the bond markets, the bank is sharing its outlook for the coming 12 months.
Deutsche expects redemptions to amount to approximately $33 billion, with $24 billion set to mature and another $8 billion to $9 billion worth of bonds becoming callable, which will create a natural demand for new issues. The total new issuance in 2009 amounted to $60.6 billion, according to Dealogic.
Straight off the bat, the market has been dominated by news of...
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