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Private banks up junk bond buys by 23% in 2015: report

High yield issuance is up in 2015 by 23% in the first half of 2015, according to a report by Asian Investment Advisors, an independent credit-research firm. Private banks are snapping up high yield debt in a bid to satisfy its yield-hungry investors in a low-interest-rate environment. This year, high yield issuance has dropped to US$9 billion in Asia from…

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