Asian Borrowers Close In on Record for Dollar Bond Issuance
- Asia ex-Japan dollar debt issuance runs at about $323 billion
- Fed easing pushed down cost to borrow in dollars globally
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Borrowers from Asia are ramping up dollar debt sales again and are on the cusp of exceeding the full-year record for issuance.
Issuers from Asia ex-Japan have sold over $323 billion of notes in the U.S. currency so far this year, compared with $326 billion for all of 2019 -- the current all-time high, according to data compiled by Bloomberg. Chinese borrowers led the charge last week following an initial lull after the U.S. election.