Asia's high-yield bond market had a good start to the year with investors clearly expressing their appetite for this kind of paper. And with Indosat's successful pricing early Friday morning of $650 million worth of fixed-rate guaranteed senior notes on the back of massive demand, this appetite is showing no signs of tapering off.
As one source wrote: "We are starting to see risk appetite coming back from the Asian accounts for high-quality names with decent yields after the recent market volatility."
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