Gimmick, party trick or great leap forward in the international capital markets? The Euro-Asian bond has no shortage of detractors. Those who have promoted its benefits usually those who have lead managed the deals maintain it has the best features of the Dragon bond, which was the first attempt to create a bond specifically for Asian investors.
Cynics respond that it is just a normal Eurobond. “Eurobonds since the year dot have been Euro-Asians,” says the syndicate head of an Asian securities firm.
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