It's the largest increase in Asia Pacific.
According to Dealogic, Asia Pacific (ex Japan) DCM volume reached $1.08tr in 2012, the highest total on record and up 42% on 2011 ($763.2bn). Activity of 4,741 deals was also a record, up from the previous high of 3,750 deals in 2011.
Here's more from Dealogic:
Chinese RMB denominated volume continued to account for the largest share of Asia Pacific (ex Japan) DCM volume with $443.4bn in 2012, a 61% increase on the $274.6bn priced last year
Offshore RMB bond volume of $14.0bn (101 deals) was also a record, slightly above the $13.9bn (83 deals) priced in 2011
USD denominated DCM volume reached a record high $195.0bn in 2012, up 50% on 2011 ($129.6bn). Local currency volume, which accounted for 74% of issuance, rose to $799.4bn in 2012 from $576.6bn in 2011 when it accounted for a 76% share of total issuance
Singapore ($31.5bn) and Thailand ($23.2bn) experienced the largest volume increases in Asia Pacific (ex Japan) in 2012, both doubling 2011 volumes of $15.6bn and $10.1bn, respectively
More From Singapore Business Review
