Reported 9 months ago
Asian issuers in the Asia Pacific region have experienced a surge in dollar bond sales to the highest level since January 2023, with companies and governments capitalizing on tight spreads. This week, five firms, including Japan’s Takeda Pharmaceutical Co. and Nomura Holdings Inc., issued a combined $7.9 billion in debt, bringing the week's total to nearly $22 billion, the most since early 2023. Despite a slight increase in yield premiums, the high-grade dollar bond market remains strong. This rise in bond sales from Asia is a positive sign in a market that had seen a decline over the past three years, indicating a return to growth in the APAC offshore primary markets fueled by growth trends and pent-up dollar needs.
Source: YAHOO