Sectors

Dollar bond issuance hits record high in July

Date: 28 Jul 2010

Pent-up demand amid the second quarter has led to sky-high levels of US dollar bond issuance this month. Debt experts believe more deals will occur into early August, before a brief two-week lull.

Keywords (click to search): [Bonds] [debt capital markets] [DCM] [Indosat] [Citi] [Terence Chia] [Dealogic]

Richard Morrow

US dollar bond issuance from Asia ex-Japan hit a record high for July, as borrowers took advantage of improving conditions to unleash a barrage of debt funding.

The month has so far seen 27 US dollar bonds executed, for a total of US$8.36 billion, according to data provider Dealogic. That easily beats out last year’s US$6.71 billion. It has been the busiest month for Asian bond issuance in the currency since October last year, when US$10.5 billion of US dollar deals were executed.

Standout bond issues since the beginning of July include State Bank of India’s US$1 billion 4.5% five year...

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