-- Asia’s high-yield dollar bond sales this year have grown annually for the first time in five years, fueled by Indian financial companies’ rush to access offshore investors.Trump Judge Indefinitely Postpones Documents Case Trial
“A number of Indian borrowers are ready to tap the high yield offshore bond market, taking advantage of strong investor appetite seen in recent deals,” Bhavik Pandya, head of debt capital markets for Southeast Asia at Bank of America, said. Good balance sheets of most Indian shadow lenders and their established presence in the offshore market have made it comparatively easy for them to access the dollar bond market, Singh said.
Increased investor risk appetite, healthy liquidity and lower implied cost of refinancing high-yielding bonds have boosted global junk note sales, Pandya said. BUENOS AIRES, Argentina — Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note in circulation by five — to 10,000 pesos, worth about $10. The central bank announcement Tuesday promised to lighten the load for many Argentines who must carry around giant bags — occasionally, suitcases — stuffed with cash for simple transactions.
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