BEIJING: China will see strong issuance of offshore bonds this year, although investors may continue to see sporadic bond defaults, which will not affect sound development of the overall market, said Citigroup.
“Default rates of China’s bonds issued offshore were fairly low in the past, and the interest rates basically remained at a historically low level, so the impact of defaults on the country’s dollar bond issuance in the offshore market is very limited, ” said David Mao, managing director of Asia debt capital markets at Citi.