After what was a surprisingly busy summer, Asia’s debt markets are in full swing. The holidays are unfortunately over, people are back at their desks and Asia’s bond markets have returned with a vengeance.
Debt volumes this year have touched historic highs US dollar bond issuance from Asia excluding Japan has already hit $87 billion according to Dealogic, easily exceeding the $77.5 billion seen in 2011. And at least $5 billion worth of supply is expected to hit the market in September.
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“Yesterday was the second busiest day in the US market,” said one Asia syndicate banker on Wednesday. “We saw $5 billion printed...