Asian Bond Sales Surpassed $100 Billion, Setting Record This Quarter
- Issuance in dollars, euro, yen crosses $100 billion in 2Q
- We’re still seeing a healthy pipeline of issuers: ING Bank
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Asian bond sales in dollars, yen and euros hit a record in the second quarter, as dovish central banks kept borrowing costs attractive, amid headwinds from the ongoing trade war that threatens to derail economic growth.
Bond sales by issuers in Asia excluding Japan in the three currencies crossed $100 billion in the second quarter, the most ever for the period, according to Bloomberg data. That helped year-to-date issuance hit a record as well.