US Loses Financing Edge as Asia Borrows in Euros: Credit Weekly
Market Intelligence Analysis
AI-PoweredAsian borrowers are increasingly turning to euro-denominated debt, which now accounts for a record 23% of total issuance, indicating a shift in financing preferences. Despite this trend, US dollar deals remain predominant, with a 29% increase in borrowing in the greenback by Asian issuers this year. This dual trend suggests a competitive landscape for financing in global markets.
Market impact analysis based on neutral sentiment with 78% confidence.
Article Context
Asia Pacific borrowers increased euro‑denominated issuance to a record 23% of the total across both currencies this year, up six percentage points from 2024, according to Bloomberg-compiled data. Multiple Asian deals ranked as the most oversubscribed in Europe’s publicly syndicated debt market during their launch week, the data showed. US dollar deals still make up the majority of financing deals, and borrowing in the greenback is up 29% by Asian issuers this year.
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