HONG KONG: Companies in the Asia Pacific need to raise a near-record US$69.3 billion to refinance their existing borrowings in the second quarter, Refinitiv figures show, as the region's capital markets remain turbulent due to the coronavirus pandemic.
Australia's banks are likely to be active in the US dollar bond markets in the next few months with National Australia Bank and Westpac Banking Corp having a combined US$3.14 billion worth of bonds due to expire. JPMorgan's head of Asian DCM origination, excluding Japan, Amy Tan said an increasing number of Asian businesses were looking to diversify their funding sources this year.
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