Asian investors bought a record amount of US dollar bonds in 2017 from the region’s companies and governments, a trend bankers expect to be built on this year and a sign the continent is becoming less reliant on US investors.
Sovereigns, corporations and financial institutions sold a record amount of dollar-denominated bonds last year, and Asian investors bought more of them than before.
More than $340bn was raised by Asian issuers, excluding those in Japan, last year, up from $211bn the previous year, according to analytics group Dealogic. JPMorgan data show that 76 per cent of this issuance was distributed in Asia in the last quarter of 2017.