Financing costs for junk-rated dollar bonds in Asia hit their highest in at least a decade in 2022. Photo: Reuters
Financing costs for junk-rated dollar bonds in Asia hit their highest in at least a decade in 2022. Photo: Reuters
Bonds

From India’s Vedanta to China’s Evergrande: US$314 billion of debt maturities in 2023 to haunt Asian borrowers as rates rise

  • Surging borrowing costs may make it a challenge for companies with weaker credit ratings to raise funds to repay maturing debt
  • About 22 per cent of Asia’s US-dollar notes due in 2023 are either junk grade with lower than BBB- equivalent scores or do not have any credit ratings

Financing costs for junk-rated dollar bonds in Asia hit their highest in at least a decade in 2022. Photo: Reuters
Financing costs for junk-rated dollar bonds in Asia hit their highest in at least a decade in 2022. Photo: Reuters
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