The Asia ex-Japan G3 bond market saw a substandard first quarter but volumes are likely to rebound to as much as $50 billion in the second quarter as borrowers’ sense of urgency to raise funding heightens amid a rising interest rate environment.
Volumes in the Asia ex-Japan G3 bond market denominated bonds touched $41 billion in the first quarter, 22% lower than 2013’s $50 billion during the same period, according to Dealogic. China and South Korea accounted for a large portion of the deals that came to market in the first three months, accounting for a share of 31.9% and 24.5% respectively.
Market volatility escalating tensions between...
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