Aberdeen Sounds Alarm as Asia Bond Growth Soars

Aberdeen Sounds Alarm as Asia Bond Growth Soars

Nelson Ching/Bloomberg

China’s Sinochem Group, whose debt is graded BBB- by Fitch Ratings, paid a coupon of 5 percent to sell $600 million of dollar bonds with no fixed maturity last month. That’s 130 basis points less than what it paid on 30-year securities sold by a unit less than two-and-a-half years ago, Bloomberg data show.