Asia-Pacific dollar-denominated note sales rose to a seven-week high as issuers marketed debt ahead of year-end holidays. Bond risk fell.

Mongolia and China Development Bank Corp. led $5.25 billion of offerings, almost three times the previous week and the most since the five-day period ended Oct. 12, according to data compiled by Bloomberg. The cost of insuring Asian corporate and sovereign bonds with credit-default swaps is poised to close at the lowest level since July 2011, according to prices from Royal Bank of Scotland Group Plc and data provider CMA.

“Issuers are coming to the market before the market quietens down at the end of the year due to holidays,” said Pang Cheng Duan, who helps manage part of the $38.6 billion of Asian fixed-income securities as head of debt in Singapore at Manulife Asset Management. “Liquidity is abundant and there is a lot of money to be put to work.”

With only three full weeks now remaining until issuers break for the Christmas holidays, investors are channeling money into emerging markets. More than $1 billion flowed into bond funds dedicated to less developed countries in the week to Nov. 21, according to research firm EPFR Global.

Issuers from the Asia-Pacific region sold $16.7 billion of notes in November, 15 percent less than last month, according to data compiled by Bloomberg. Companies and sovereigns offered almost $214 billion of debt in the U.S. currency this year, the data show.