Japanese lenders drive Asian bank debt issuance to highest in 2021

Japanese lenders drive Asian bank debt issuance to highest in 2021

Asia-Pacific banks’ aggregate bond issuance in September surged to the highest monthly level so far in 2021, driven primarily by top Japanese lenders taking advantage of low borrowing costs. Banks in Asia-Pacific raised $25.60 billion in bonds in September, beating the previous monthly high of $25.45 billion in April, according to data compiled by S&P Global Market Intelligence. Japanese banks,…