In the current yield-hungry environment, perpetual bonds have become a popular investment among Asian investors. “Clients buy perpetual bonds to carry, not to trade,” explains one Hong Kong-based head of advisory. A Singapore-based head of private bank says, “Clients are interested in perpetuals because they are chasing yield but when rates start going up, perpetuals get hammered.” Perpetual bonds are…
“Asian clients love perpetual bonds” says head of advisory
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