Asian corporates to delve deeper into US$ bond markets

Petronas's $6 billion debt deal is the biggest in the region since the Covid-19 pandemic.

HONG KONG: Asia's international dollar-based corporate bond market is expected to spring back to life following Malaysian oil giant Petronas's $6 billion debt deal - the biggest in the region since the coronavirus hit - bankers and advisers say.

Dollar bond market sales in the region have significantly lagged the United States, where bankers say the Federal Reserve's fiscal stimulus package has led to increased credit purchases.