Financial Times FT.com

US subprime crisis hits Asia debt issuance

By Robin Kwong and Raphael Minder in Hong Kong

Published: November 29 2007 02:00 | Last updated: November 29 2007 02:00

Debt-raising activity in Asia so far this month slowed to its lowest level since February last year, in a sign that market concerns stemming from the US subprime mortgage crisis have now caught on in Asia.

Companies in Asia, outside of Australia and Japan, raised just $26bn in 148 bond and loan deals in November, down nearly half compared with the same time last year, according to Thomson Financial.

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