There are still four months of the year yet to go, but dollar-denominated bond issuance by Asian borrowers has already entered the record books before the third quarter is even out.
Dealogic data shows that total issuance from Asia ex Japan, ex Australia hit $209.71 billion at the end of August, sweeping past 2016's record breaking $208.71 billion total see table 1.
Issuance is up across the board, but the high-yield market has clearly been the standout performer, which is always good news for bankers since this segment is where the biggest fees lie.
According to Dealogic, corporate high-yield issuance volumes have quadrupled...
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