Best borrowers 2007: Best corporate borrower – Asia: Parkson Retail Group
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Best borrowers 2007: Best corporate borrower – Asia: Parkson Retail Group

Retailer offers useful consumer sector diversification away from Chinese real estate names.


With just a handful of regular sovereign borrowers and unpredictable issuance levels from investment-grade credits in Asia, much of the excitement in the region’s bond markets is reserved for the high-yield sector which, although still small, is beginning to grow rapidly, dominated thus far by Chinese and Indonesian issuers.

The story of the past 12 months was the high-yield bond issues from mainland Chinese real estate plays: the sector raised some $1.6


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