UBS says Asia bond sales to rebound after stalling near reco
Bareksa • 30 Jan 2014
A panel displays the trading share prices of HK Electric Investments Ltd (REUTERS/Bobby Yip)
A Chinese Purchasing Managers Index fell to 49.5 from 50.5 in December
Bloomberg - UBS AG (UBSN) expects Asian issuers to return to the bond market in February after the quietest week this year left dollar-denominated debt offerings short of a monthly record.
Sales in February by borrowers from Asia outside Japan will exceed the amount slated to mature or be called, according to Edwin Chan, head of Asian credit research at the Swiss lender. The region’s companies and sovereigns raised $22.8 billion in the U.S. currency this month, 3 percent less than last January, the busiest month on record, data compiled by Bloomberg show.