Junk bond dealmaking rebounds as Asian yields hit 3-year low
Hong Kong
ASIA'S high-yield bond market jolted back to life last week after a rally in credit spreads triggered a flurry of new issues.
Six Asian companies with sub-investment grade, or junk, credit ratings sold US dollar bonds in just two days, adding to hopes of a recovery after a dismal first half for new issues.
TRENDING NOW
Philippine power giant First Gen rebuffs foreign offers, plans up to US$2.6 billion in expansion
Cliff Tan has 7 million followers and a 4-month waitlist. Why won’t he expand his business?
Could stablecoins be the future of money?
From finance aspirant to Asean CEO: TUV SUD’s Jonas Strahberger on finding people who believe in you