(Bloomberg) High-yield bond sales in Asia are off to their slowest start in six years as China property developers remain largely shut out of the market, dealing a blow to the top arrangers of these deals including HSBC Holdings Plc and JPMorgan Chase & Co. Companies have raised just $2.41 billion in the region’s dollar junk bond market this year, compared with $21.9 billion in the same period last year. The drought extends a slowdown from 2021 when issuance plunged 42% in the second half from the previous six months to a five-year low, according to data compiled by Bloomberg. Investment bankers see little sign of a turnaround this year as China’s restrictions on borrowing by property firms make it harder for them to tap the bond market, and as yields as high as 23% for speculative-grade debt make borrowing prohibitively expensive. After at least a dozen defaults by property firms including giants in the offshore market like China Evergrande Group and Kaisa Group Holdings Ltd., b
HDFC Bank goes abroad for risky bond sale after India clampdown thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Индийский HDFC Bank Ltd. продает за границей более рискованные долларовые облигации, что помогает укрепить его баланс, и местные коллеги могут последовать этому шагу после того, как регулятор рынка ужесточил свои правила на внутреннем рынке.