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Friday, 22 June 2018

A roundtable report with IFR Asia magazine 1024 (January 13 2018)

US dollar notes are seen at a Kasikornbank branch in Bangkok, Thailand.

IFR Asia Reg S Bonds Roundtable 2018: The rise of Asia’s own dollar bond market

IFR Asia 1024 - IFRA Reg S Bonds Roundtable 2017

The growth of the Reg S bond market has been one of the defining trends of the Asian capital markets in recent years. Driven by the seemingly unstoppable rise of Asian wealth – especially deep-pocketed Chinese investors – US dollar bond sales in the region no longer depend on the participation of US institutions.

IFR Asia Reg S Bonds Roundtable 2018 Group Shot

IFR Asia Reg S Bonds Roundtable 2018: Roundtable participants

IFR Asia 1024 - IFRA Reg S Bonds Roundtable 2017

Bryan CollinsFidelity InternationalBryan Collins is a portfolio manager with over 15 years of investment experience. He joined Fidelity’s Hong Kong office as a fixed income trader in 2006, and became a portfolio manager in 2009. He manages Fidelity’s fixed-income funds in Asia – including the Asian High Yield Fund, Asia Bond Fund, China RMB Bond Fund and Hong Kong Bond Fund – as well as a number of cash funds. In total, Bryan is responsible for managing over US$5bn of assets on behalf of clients.

IFR Asia Reg S Bonds Roundtable 2018: Part 1

IFR Asia 1024 - IFRA Reg S Bonds Roundtable 2017

IFR ASIA: I think the first question is really what’s behind the Asian Reg S phenomenon. Lorna, I know you’ve done a lot of work on this.

IFR Asia Reg S Bonds Roundtable 2018: Part 2

IFR Asia 1024 - IFRA Reg S Bonds Roundtable 2017

IFR ASIA: Probably the cheapest source of money for a lot of issuers in Greater China is going to be bilateral loans or private placements with Chinese banks or Chinese institutions. What’s your take on those?