Dollar Bond Redemptions Loom in Asia as Regional Debt Risk Rises
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Borrowers in Asia outside Japan must repay $3.7 billion of U.S. dollar-denominated notes maturing in the next two months as bond risk in the region rises back toward a one-year high.
Debt maturing by July 31 totals $3.1 billion and $624 million will fall due in August, according to data compiled by Bloomberg. The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan climbed 2.5 basis points to 152.5 basis points as of 8:42 a.m. in Singapore, Royal Bank of Scotland Group Plc prices show. The gauge marked a one-year high of 177.8 on June 24, according to data provider CMA.