High-yield offerings falter

摘要

Three high-yield bond offerings failed to clear the market in the past week in Asia as a softening market and an overhang of upcoming deals kept investors on the sidelines. INNER MONGOLIA BAOTOU STEEL UNION Called off an unrated US$200m deal last Thursday after setting price guidance at 5.7%. It decided to postpone the deal rather than cut the size, according to a banker on the deal.