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Asian bond sales smash 2013 record 

September 15, 2014
Lianting Tu, Reuters

With more than a quarter of 2014 remaining, Asian issuers have already sold more bonds in dollars, euros and yen this year than ever before, taking advantage of easy monetary policies to lock in financing at low fixed rates.

Asian issuers, excluding Japan and Australasia, have raised US$143.6bn, with US$1bn of new issues on Thursday night taking the total comfortably past last year's US$142.8bn record, according to Thomson Reuters data.

International bond sales from Asia have now hit a record for three years running, and have doubled since 2009. Volumes for the following years are likely to remain high as earlier deals mature and are refinanced with new bonds, market participants said.

"The growth of Asia's credit markets continues apace, helping underpin the region's economic expansion", Alexi Chan, head of debt capital markets for Asia Pacific at HSBC, said by email. "We are seeing unprecedented levels of global investor liquidity focused on Asia."

Read more: Reuters

 
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