Asian borrowers have sold a record amount of international bonds so far this year even though the pace of issuance has moderated since early September in the face of US Federal Reserve’s inaction on interest rates, China’s slowing growth, and oil price volatility.
Issuers raised a record $154.7 billion in 309 deals in the first nine months, marginally higher than the $150 billion raised via 294 transactions during the same period last year, according to data provider Dealogic.
Three of the five biggest issuers this year have sprung from the oil and gas sector, placing the recent see-sawing crude prices in stark relief. The...
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