In 2013, the region sold a record $141.5 billion of bonds denominated in US dollars, yen, and euros, of which $128.4 billion were issued by the region’s companies. Depreciation in home currencies would mean higher debt servicing costs at a time when the domestic economy is also likely to be weaker.
Read more at http://www.adb.org/features/asia-bond-monitor-march-2014-percentage-outstanding-corporate-bonds
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