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ASIA BONDS

Pimco: Asia debt at risk as dollar bond sales hit record

Issuance surges 66 per cent year-on-year in last quarter to US$152 billion as investors search for yield

Hong Kong

PACIFIC Investment Management Co (Pimco) is wary of the risks of rising debt levels after sales of dollar bonds by borrowers in the Asia-Pacific region ballooned to a record.

Issuance surged 66 per cent in last quarter from the year earlier to US$152 billion, according to