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European credits look to tap Asian perp market
June 18, 2012
UK energy giant BG Energy Capital is planning to issue perp bonds in Asia as early as this week to tap liquidity fueled by regional growth, bankers say. This may spur more European issuers to follow suit.
At a time when regional interest rates are hovering over record-lows, Asian investors are aggressively hunting for instruments that pay higher yields. Perps issued by highly-rated utilities like BG Energy pay the lender a higher yield in exchange for a...
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