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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Mongolia broke new ground last week as the first high-yield sovereign to price a Dim Sum bond, but some market participants said the offering’s small size and investor reception were disappointing.
Bucking global market trends, the offshore renminbi bond market has been on a roll for the past two months after recovering from a slow start earlier in the year.
Taiwanese life insurance firms have cooled their frenzied bond buying, after record monthly purchases sapped cash balances and pushed them close to permitted trading limits.