Issuers strike while high-yield is hot

摘要

Higher yields and hot market conditions allowed low-rated Asian issuers to revive US dollar bond offerings this past week, underlining the strength of demand for new credits at attractive valuations. China's concord new energy and Indonesia's sawit sumbermas sarana (SSMS) both completed new issues they had shelved two months ago, but their higher yields reflected investors' new pricing expectations.