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CARDS & PAYMENTS | Staff Reporter, Singapore
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Emerging Asia's US$212b rated corporate debt to mature in 2019

This composes 2.2% of rated corporate debt.

An estimated US$212 billion of rated financial and nonfinancial corporate debt is expected to mature in the emerging Asia region from the second half of 2014 through the end of 2019.

According to a release from Standard and Poor's Ratings Services, this is based on an article that Standard & Poor's Global Fixed Income Research published entitled "Emerging Asia Corporate Refinancing Study: $212 Billion Of Rated Corporate Debt Is Expected To Mature Through Year-End 2019."

This represents about 2.2% of the US$9.5 trillion of rated corporate debt that is expected to mature globally during this time horizon.

In contrast, US$4.2 trillion of rated corporate debt is expected to mature in Europe through 2019, US$3.8 trillion is expected to mature in the U.S., US$1.1 trillion is expected to mature in the other developed region (Australia, Canada, Japan, New Zealand), and US$269 billion is expected to mature in the other emerging countries outside of Asia.

Here’s more from Standard and Poor’s Ratings Services:

"Led by China, the emerging Asia region continues to increase its footprint in the global credit markets," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research.

"While loans remain the region's favored form of corporate financing, the bond markets have seen increased activity in recent years."

For example, new corporate bond issuance rose to nearly US$456 billion in 2013 from less than US$100 billion in 2006.

China accounted for only 17% of the total in 2006 compared with 64% in 2013.

The region's new corporate bond issuance through the first half of 2014 was US$182 billion, US$78 billion of which came from Chinese companies.

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