High-yield corporate debt hits record

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High-yield corporate debt hits record

November 03, 2009

From Pamela Tang

A slew of bonds from Indonesian firms helped to push high-yield issuance to a year-to-date high. Meanwhile, G3 currency debt has more than doubled from last year, with local currency debt drawing favourable comparisons, too.

A recent slew of high-yield corporate bonds from Indonesia has underlined interest from south-east Asian issuers and also reflects investor confidence in riskier assets.

High-yield bonds got off to a slow start this year as investors were strictly risk-averse. That...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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