Asian dollar bond issuance is expected to grow by 20% in 2025, reaching approximately $220-$225 billion, according to Citigroup's Rishi Jalan.
In early 2025 alone, at least $6 billion in dollar bonds were issued, with prominent deals from the Export Import Bank of Korea and China Hongqiao Group.
Chinese technology companies are anticipated to spearhead this increase, as Alibaba and Meituan raised $7.5 billion via dollar bonds late last year.
The favorable decline in U.S. interest rates makes dollar bonds more attractive compared to local currencies.
However, the troubled property sector in China is unlikely to re-enter the market soon due to ongoing debt issues.
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