Bond sales by Asian banks fall to lowest in a year

Singapore

THE level of bond sales by Asia-Pacific banks has fallen to its lowest in at least a year in February, as lenders from the region's major economies, notably China, stayed on the sidelines due to uncertainties over interest-rate trends, said S&P Global on Mar 25.

Based on data compiled by the market intelligence company, analysts McDowell Ramintas, John Wu and Rehan Ahmad said that banks from the world's second largest economy, which is facing a troubled property market, were less active issuing bonds in the first 2 months of this year, dragging down total bond issuances by Asia-Pacific banks.