It may only be April, but the global hunt for income has led to so much demand for high-yielding Asian debt that 2013 is already a record year for issuance.
Junk-rated borrowers have so far raised $18.1bn in the market this year, bettering the previous full-year high of $16.2bn set in 2010, according to data from Dealogic.
“We have had a very strong run?.?.?.?The market seems to be holding up pretty well,” said Wallace Lam, head of Asian high yield capital markets at HSBC. “I’ve never been so busy.”
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