Asian banks stampede to meet investors

A growing crowd of Asian banks are lining up to meet fixed-income investors as bankers keep a wary eye on volatile markets. Conditions in the credit market have been on a rollercoaster ride, but the low rate environment offers borrowers the opportunity to lock in funds at relatively low cost.

“A lot of the banks are looking for funding,” said one banker. “Some have been planning to tap for a while, but unfortunately markets turned against them. However, if a borrower is willing to look at pricing from an absolute yield basis, it can be attractive.”

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