Asia Pac debt markets boom 19% to a record $348.9bn

Asia Pacific (ex Japan) DCM volume totaled a record high $348.9bn in 1H 2011, up 19% from the $293.4bn recorded during the comparable 2010 period.

Asia Pacific (ex Japan) corporate issuers raised a record $172.0bn, up 35% on the $127.8bn raised in 1H 2010.
o 28% ($47.9bn) of International G3 DCM volume in 1H 2011 was issued by corporate entities, up from 13% ($17.0bn) in 1H 2010.

o Global offshore RMB bond volume totaled $6.4bn in 1H 2011, of which $4.9bn was priced during 2Q 2011.

Global Kangaroo bond volume reached a record $22.5bn in 1H 2011, having surpassed the previous record of $19.4bn in 1H 2010.

Japan DCM

Japan DCM volume totaled $145.9bn in 1H 2011, up 4% on the $140.9bn issued during the same 2010 period. Deal activity saw a steep decline, having fallen to 359 deals from 457 deals during this same period.

Japan corporate DCM volume fell 10% to $35.4bn in 1H 2011 from $39.5bn in 1H 2010.

Japan FIG DCM volume climbed 6% to $27.2bn in 1H 2011 from $25.6bn in 1H
2010.

USD-denominated issuance reached a record $15.7bn in 1H 2011 and accounted for 10.8% of total volume, up compared with $14.7bn and 10.5% market share in 1H 2010.

Global Samurai bond volume reached $14.9bn in 1H 2011, twice the $7.2bn raised in 1H 2011.