Asian Junk Bond Sales Are Hottest in Five Years on India Boom
- Indian borrowers top share with nearly 44% of total volume
- Sales had been falling pre-2024 amid China’s property crisis
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Asia’s high-yield dollar bond sales this year have grown annually for the first time in five years, fueled by Indian financial companies’ rush to access offshore investors.
Regional sales of such corporate notes, outside of Japan, touched $5.9 billion so far this year, already surpassing $4.4 billion in all of 2023, according to Bloomberg-compiled data. Indian borrowers have topped the share of sales so far this year, with nearly 44% share.