(Bloomberg) -- The push to expand renewable-energy use along with infrastructure plans means more dollar bond offerings from companies in Indonesia and India next year.
That’s the view of Avinash Thakur, head of Asia Pacific debt origination at Barclays Capital Asia Ltd.
“There’s a lot of promise shown by Indonesia and India as both are growing at a decent pace, and with strong political mandates intend to spend on improving their infrastructure,” said Thakur. “There’s also a thrust on increasing renewable-energy capacity in these countries that brings a lot of companies from that business to the bond market.”
Bond sales from Indonesia and India denominated in the so-called G3 currencies -- the dollar, euro and yen -- have jumped to a four-year high of nearly 12% of the total issuance in Asia ex-Japan so far this year, according to data compiled by Bloomberg.
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