Asia comes of age

Regional focus

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Asian bonds: Borrowers tap international markets

On the face of it, the current story in Asian corporate bonds appears to be one of deepening and widening markets. High-yield issuance is on the increase, and issuers are reaching for longer maturities. But there are fears that high oil prices and question marks over creditworthiness are threatening to derail the region's progress.

"The past two years has seen a sustained period of political stability in the region, and this combined with the st

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