APAC Chart of the Week: APAC (ex-Japan) HY primary market opens around mid-April after two barren weeks
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APAC Chart of the Week: 6th May 2020
The COVID-19-hit Asia Pacific (ex-Japan) USD high-yield primary market showed some activity from around the middle of last month, with USD 1.29bn bonds across six deals printed during 13-30 April, after two barren weeks prior to that.
The USD 1.29bn issuance volume for entire April was down 91.1% from the USD 14.5bn printed via 38 deals in April 2019, and down 49.8% MoM from USD 2.57bn via 14 deals priced in March 2020.
Unrated Chinese computer maker Lenovo Group’s USD650m due-2025 notes accounted for half of the total volumes in April.