Easy cash fuels Asia dollar bond swaps with more deals seen


HONG KONG: More Asian companies are expected to call bonds or swap notes to get better dollar funding costs after junk-rated China Evergrande Group and Kaisa Group Holdings Ltd together exchanged about US$5bil in debt this month.

Morgan Stanley and Credit Suisse Group AG foresee more so-called liability management exercises this year as rates remain low and issuers tap investor demand for yield.

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Business , bonds , asia , swap

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