Companies in Asia, excluding Japan, issued record amounts of debt in the last three months of 2011, staging a strong recovery from an alleged fraud scandal that hit the region's bond markets in the summer.

There were 466 corporate bond deals in Asia, ex-Japan, in the fourth quarter, according to Dealogic, and these raised a total of $87.4bn - the highest amounts on record for both value and number of deals. The $87.4bn figure accounted for a third of all debt raised in the region in 2011, according to the data provider.