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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!