GlobalCapital’s 14th January article notes that whilst the US$7bn of Asia ex-Japan dollar bond issuance year to date has been a welcome respite after the slow December, some bond bankers are still disappointed at how the year has started. The news that the NDRC has extended companies’ international issuance quotas that expired at the end of December by six months, rather than the three month extension last year, has helped ease the pressure for Chinese issuers to rush to the market as early as possible, but will the extension turn out to have a positive, or negative effect on high yield volumes in the coming months?
Outside of China, where will the next wave of High Yield issuance come from, both by company type or geographic location? How can the size of the books be improved? How are tenors looking? What trends and economic indicators should the high yield community be watching for?
Euromoney Conferences’ new half-day Asian Debt Summit – High Yield and Beyond will answer many of the above questions, and more, in an exclusively forum for high yield professionals covering both the onshore and offshore markets. With in-depth coverage from the issuer, investor and bookrunner standpoints, this is a must attend event for those who wish to take a closer look at the opportunities and challenges ahead for the Asian high yield market.
Keynote Speaker Confirmed
We are honored to welcome Ms HUANG Yu, Executive Vice Dean, China Index Academy (Soufun) to deliver opening keynote presentation on the outlook for China’s property market and the impact for the high yield market.
Key topics will include:
Record HY volumes in Asia Pacific but at what price?
New players and new threats – what impact could the new wave of offshore Chinese securities houses have on the market?
How are China’s attempts to deleverage and remove risk from the financial system affecting onshore and offshore HY volumes?
Is there a model where international banks are able to match the balance sheet placement model favored by mainland banks?
How do investors view Asian high yield as part of their overall portfolio?
Will the suggestion of allowing more defaults from Chinese entities impact future high yield investment decisions?
Which have been the hot spots for Asian high yield investors in 2018 so far, and are those trends set to continue?
With a rise of unfamiliar credits from unfamiliar sectors, how do investors evaluate the risk?
How much credit risk are investors willing to take in order to achieve better returns
Capital raising trends for borrowers
Examining the options for non-bank lending including mid-market financing and private placements
Spreads and the current climate for issuance – a boon or a danger in waiting?
Ultra-cheap financing – bonds vs loans?
Reviewing the trend of <1 year tenors and the risk of short-dated paper
Considerations for non-USD issuance
And much more
View Full Agenda Here
Registration
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