Spencer Anderson is a senior report at IFR on the people and markets desk. Since joining in 2011 he has written extensively on banking regulation, tax issues and capital markets. He was previously with the Financial Times.
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Indonesian companies have stepped up sales of high-yield bonds in the US dollar market, offering investors a chance to diversify away from the dominant Chinese market.
A new wave of US dollar Additional Tier 1 bonds from Asia is expected towards the end of the month, as issuers seek to take advantage of tight spreads ahead of the US presidential election on November 8.
Sun Hung Kai Financial is looking to expand its debt capital markets business, betting that a targeted approach and wealthy client base will enable the Hong Kong broker to compete with larger banks.