Asia Pacific: Investor warning

Author: | Published: 26 Aug 2014

Investors must push back against Asia's weakening high-yield covenant packages. Although investor protections remain robust – especially compared to what's seen in the US and Europe – the region's legal frameworks are much less established.

This has been an important year for Asian high yield. Chinese real-estate developers have become recurrent and familiar issuers, while Indonesian credits have remained popular and Indian corporates have...