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Asian HY to experience weaker second half

June 29, 2012  


From Lorraine Cushnie

High yield dealer expect volumes to drop off in the second half the year as geopolitical concerns and wide bid/offer spreads stymie new deals.

Asia’s high yield debt market had a strong start to the year with a growing geographical and sector diversification of issuers even though volumes are lower than in the first half of the 2011.

Dealers expect new deals flows...


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SOUTHEAST ASIA DCM

Rank Bookrunner Parents Deal Value $ (Proceeds) (m) No. %share 2012 YTD Rank
1 Standard Chartered Bank 3,991 32 8.9 2
2 HSBC 3,710 35 8.3 4
3 Goldman Sachs 3,333 2 7.4 12
4 Deutsche Bank 2,895 14 6.4 8
5 Citi 2,774 9 6.2 5
6 JPMorgan 2,288 7 5.1 3
7 DBS 2,106 25 4.7 1
8 Siam Commercial Bank 1,835 16 4.1 21
9 Barclays 1,586 3 3.5 9
10 CIMB Group 1,523 27 3.4 13
Subtotal 26,040 123 57.9
Total 44,958 212 100.0



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