Asian bond issuers rush to sell dollar debt as spreads tighten
Updated
Updated · Bloomberg · May 7
Asian bond issuers rush to sell dollar debt as spreads tighten
7 articles · Updated · Bloomberg · May 7
Hong Kong is marketing a benchmark dollar deal on Thursday, HSBC is pricing a two-part offering, and Westpac sold $4 billion across multiple tranches a day earlier.
The burst of issuance marks the busiest session in more than two weeks as companies and governments move quickly to lock in cheaper funding.
Credit spreads have tightened to record lows on hopes Middle East tensions may ease, helping reopen Asia’s primary dollar bond market after a quieter period.
As Asia's bond market booms, could unstable 'shadow bank' liquidity trigger the next financial crisis?
Is China's cheaper credit a strategic alternative or a risky geopolitical gamble for Asian firms?