2020 G3 DCM: Bull market stretches the maturity curve

Make hay while the sun shines appears to be the motto for Asia’s international bond markets in 2020 as investment grade issuers and insurance funds see greater value in longer-dated tenors.

How do you top a barnstorming year like 2019? That’s the question that market participants have been asking themselves, this December, as they reflect on a year when Asia ex Japan’s $307 billion-odd G3 issuance volumes broke through 2017 to claim an all-time record.

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