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For the full pdf version, click Snapshot - Valuations of APAC USD bonds issued in 2Q2017


Snapshot - Valuations of APAC USD bonds issued in 2Q2017

** Highlights of the Report**

  • Valuations for the notable APAC USD bond issuances in the second quarter of 2017 paint a contrasting picture between new investment-grade and high yield issues, particularly for the Corporate issuers.
  • New IG issues generally performed better than HY issues by the end of the quarter in which issuance volume fell 18.53% from 1Q2017 to USD99.535bn.
  • Total APAC USD issuance volume in 1H2017 has crossed the USD200bn mark to USD221.715bn.
  • Chinese issuers contributed the most with 44.16% of 1H2017's issuance and looks set to cross the USD100bn mark in 3Q2017.
  • General outperformance of APAC's IG issuance in 20Q2017 could help buoy positive sentiment of new issuances into 3Q2017. HY issuances on the otherhand, largely seemed to fall out of favour post issuance in the second quarter.

Charts

  • Country breakdowns for Corporates HY & for IG
  • Country breakdowns for Financials HY & for IG
  • Country breakdowns for SSAs HY & for IG
  • Country breakdowns for SOEs HY & for IG
  • 2017 YTD issuance volume per country (as of end June)


Please refer to our other recent Special Reports

  • China H1 Credit Overview: LGV & Property bonds (spreadsheet summaries)
  • HK HKD Q2 Bond Review (with chart stat breakdowns & league tables)
  • Formosa Q2 bond review & beyond (with chart stat breakdowns)
  • June APAC USD Issuance (chart breakdown per region & stats)
  • Australia AUD Q2 bond market review (with chart stats breakdowns)


(haikal.razak@informagm.com)

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