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Bloomberg
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 US 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 US election.
Borrowers globally have sold unprecedented amounts of debt this year as they gird against the economic impact of the pandemic and take advantage of ultra-low borrowing costs.
Credit markets have largely rallied since the end of March on the back of central bank stimulus.