亚洲市场垃圾债券发售量创纪录

Asian companies have shrugged off concerns about the US retreat from global trade agreements to issue a record sum of high-yield debt.

亚洲企业无视对美国退出全球贸易协定的担忧，发行了创纪录数量的高收益债券。

Junk corporate bond issuers in Asia have sold $13bn of bonds so far in 2017 according to data from Thomson Reuters – up from just $1.6bn last year.

汤森路透(Thomson Reuters)的数据显示，2017年迄今，亚洲垃圾企业债券发行者发行了130亿美元的债券，而去年仅发行了16亿美元。

China is dominating sales, accounting for more than half of the market share, with financial companies and industrials the largest sectors.

中国是此类发行的主导者，占到市场份额的一半以上，金融企业和工业企业是最大的发行者。

Asia’s dollar-denominated junk bond market offered few opportunities for investors at the start of last year as fears of slowing global growth left investors unwilling to lend in dollars, while easier conditions in domestic markets enabled companies to find more opportunities for cheap funding in their own currencies.

去年年初，亚洲美元计价的垃圾债券市场几乎没有为投资者提供什么机会，因为对全球增长放缓的担忧使得投资者不愿借出美元，同时国内市场更为宽松的环境让企业能够找到更多廉价本币融资的机会。

However higher commodity prices and China’s economic resilience has spurred a resurgence of demand for emerging market debt issued in dollars this year.

然而，大宗商品价格上涨以及中国经济的恢复力使得今年对新兴市场美元债券的需求复苏。