Outlook for the week
Key economic releases for the week
Last week summary
Chinese real estate issuers remain active in the Asia primary debt market space pricing 5 deals totalling USD 920mm this week with average book coverage for Chinese real estate high yield new issues at 8.5x. Investor demand for high yield risk was very strong in the primary market this week with deals getting 7.8x covered on average. Secondary trading performance for new issues this week was strong as well, with most bonds trading above re-offer on the break.