“We expect cross-border issuance by Chinese corporates to fall moderately in 2019, but to still be around the US$100 billion ($135.4 billion) level (2018: US$112 billion),” says Fitch.
SINGAPORE (Mar 28): The overall Asia Pacific (APAC) cross-border issuance is expected to see a moderate drop in 2019, according to a special report by Fitch Rating.
This is mainly due to the slowing economic growth in China, lower capex and mergers and acquisitions (M&As), a weaker yuan, as well as lower onshore and rising offshore funding costs, which continues to weigh on cross-border issuance by Chinese corporates.
