Focusing on higher quality and short-dated bonds will help ease the risk of defaults in Asian USD-denominated bonds, said Pheona Tsang, head of fixed income at BEA Union Investment.
Tag: Bond defaults
Asian HY defaults may hit 3%: Manulife AM
Defaults on Asian high yield corporate bonds may surpass the 2.9% level reported in 2015 due to difficulty in refinancing debt, said Jimond Wong, managing director and senior portfolio manager for Pan-Asia bonds at Manulife Asset Management.
State-owned does not mean safe
Recent defaults on bonds issued by government-owned Chinese companies raise doubts about credit assessment and the notion that state ownership provides a level of security.
First interbank bond issuer collapses
More defaults are expected as China’s state-owned Guangxi Nonferrous Metals Group has become the first interbank bond issuer to go bankrupt.
