
Of the total $1.1 trillion, US$110 billion is scheduled to mature in the second half of 2017, increasing to US$205 billion in 2018 and US$242 billion in 2019 before decreasing to US$227 billion in 2020.
In addition, the refinancing risk remains low as just 11% of the total Asia-Pacific rated debt which will mature by 2022 is speculative grade (rated ‘BB+’ and lower), while the vast majority is investment grade (rated ‘BBB-’ and higher), which is better placed to withstand market volatility and stress.
“Of the US$1.1 trillion of Asia-Pacific rated financial and non-financial corporate debt set to mature between the second half of 2017 and 2022, the majority is from issuers in Australia, Japan, and China,” said Diane Vazza, head of S&P Global Fixed Income Research.
“Financial services companies account for 55% of this Asia-Pacific debt, compared with 45% for non-financial companies.”
The statistics were included in an article published on Tuesday by S&P Global Fixed Income Research, titled “Asia-Pacific Refinancing Study - $1.1 Trillion Of Rated Corporate Debt Is Expected To Mature Through 2022.”