This year, if the first six weeks are anything to go by, should be a record one in Asian debt capital markets. G3 issuance, up to February 15, was $21.34 billion, compared with $83.4 billion for the whole of last year, according to Dealogic.
After a miserable second half of 2011, the bright start to this year has galvanized the region’s DCM bankers. “We ended January with almost $11 billion of issuance,” says Murlidhar Maiya, head of DCM for emerging Asia at JPMorgan.
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