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Bonds Paying Sub-5% for Eternity Flash Risk Warning for Asia 

June 7, 2017

Lianting Tu & David Yong, Bloomberg Markets

"Asian companies are testing just how far investors are prepared to go in their search for yield in a "lowflation" world.

Issuers in Asia excluding Japan have sold $14.5 billion of perpetual bonds so far this year, a record for any half-year period, according to data compiled by Bloomberg. While most of the notes have rates that step-up as time goes on -- a characteristic that can spur issuers to buy them back -- a striking aspect of the boom is that at least $3 billion of the total in the region is made of up securities that have fixed interest payments."

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