An absence of bond issuance from China’s property sector will likely cap supply from Asia’s ex-Japan bond market this year, as investors have turned cautious towards the cash-strapped sector after several embattled developers pushed the default rate higher last year.US dollar bonds from Chinese issuers traditionally account for half of Asia’s high-yield bond market, with the country’s developers making up a significant chunk of what are also known as “junk bonds”, or those rated below BBB- by S…
Source : South China Morning Post
Read more…Absence of embattled Chinese developers expected to rein in Asia’s dollar bond supply in 2022
