The past 12 months have been an excellent time for most of Asia’s domestic bond markets and for Asian issuance in the international arena. Issuance conditions have been perhaps as good as they have ever been and for issuers from the region and outside tapping Asian investors – and the banks helping them do it – it has been a time of plenty. The abundant liquidity has meant that borrowers from Triple A to Single B could ask and they would receive – often via bookbuilds that were many times covered. Look at the Philippines. It has sold a string...Read more