Asia’s junk bond market has been on a tear and if recent history is any guide could be set for a very busy return after year-end holidays. January was the biggest month for junk dollar note issuance from Asia in 2019 and 2018. Laos, which has some of the lowest sovereign debt ratings in the region, put off a benchmark dollar bond offering until early 2021 on Friday. If it does indeed go ahead, that would add to a group of borrowers looking to sell debt after a rally in credit markets pushed down borrowing costs since the spring. Spreads on Asian high-yield dollar bonds tightened for seven straight weeks through ... (full story)