SINGAPORE (Apr 16): Reuters’ financial and risk business, Refinitiv, found that Asian financing volume remain strong despite a slump in March.

In a webinar conducted by Refinitiv, Steve Garton, Editor of IFR, Asia said that 1Q20 ranks as the third biggest quarter for bond issuance in G3 currencies – USD, EUR and JPY – from Asia, excluding Japan and Australia with a total of US$89.6 billion ($127.3 billion).

In 1Q20, January was the biggest month on record for Asian G3 bonds, with US$49.0 billion issued. But from Mar 12 to 30, no Asian issuers sold G3 bonds. On the other hand, the US investment-grade corporate market printed US$256.5 billion of new USD bonds in March, marking a monthly record.

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