Asian corporates search for yield
Corporates in the Asia-Pacific region have more spare cash than ever before, and with bank deposit rates still at rock-bottom levels, treasurers are increasingly using structured products as a key cash management tool. Joseph Radford reports, with additional reporting by Saima Farooqi
An increasing number of corporates in the Asia-Pacific region are placing cash in investments they wouldn’t have dared touch a couple of years ago. High cash reserves and low interest rates mean that more companies are turning to structured products as a higher-yielding alternative to deposits.
“Industrial companies [in the Asia-Pacific region] have never held more cash than they do now,” says Vinod Aachi, managing director, relative value group, at Deutsche Bank in Singapore. “And they are
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