“I have not seen a robust start like this in 10 years, ” said Vishal Goenka, Asia-Pacific head of credit sales for institutional clients at Deutsche Bank in Singapore, which was involved in 14 high-yield deals last week.
SINGAPORE: A busy start to the year for Asia’s debt markets reflects global cash pouring into the region and companies in a hurry to lock in funding before a record pile of dues must be repaid.
There was US$22.8bil raised in credit in the first week of January, a record for the first full trading week of the year in Asia. The amount was slightly more than the US$22.5bil raised last year, Refinitiv data showed. A record US$283.3bil in existing debt is due to mature over 2021.
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