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Asian G3 bond market set to soar, says Morgan Stanley

August 31, 2010  

From Richard Morrow

The US bank believes that issuance will greatly expand on the back of rising capital needs and a need to term out balance sheet leverage, and that this will be supported by rising demand for regional debt among international asset managers.

Asia’s international bond issuance could quadruple over the coming five years as regional companies need more funding to support growth plans, predicts Morgan Stanley.

In a report offering an outlook of the region’s credit markets that was released today...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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