Search League Tables

Friday, 06 March 2015

Top Stories from this week's IFR Asia magazine

Released online
Saturday 23:00 Hong Kong / Friday 16:00 London


Arul Kanda, newly appointed president and group executive director of Malaysia's state investor 1Malaysia Development Bhd (1MDB), poses for photographs at the head office in Kuala Lumpur.

IPO key as 1MDB cleans house

IFR Asia 882 - February 28, 2015

State-owned investment fund 1Malaysia Development has reaffirmed plans to offload a stake in its power unit, hinting that a delayed IPO remains essential to the group’s efforts to reduce its debt burden.

Passersby walk in front of the main branch of Standard Chartered in Hong Kong.

Winters hired to revive StanChart

IFR Asia 882 - February 28, 2015

Bill Winters, former co-head of investment banking at JP Morgan, has been appointed chief executive of Standard Chartered. He will join the emerging markets bank on May 1 and take over in June from current incumbent Peter Sands, who retires after eight years as chief executive.

HKBN reboots Hong Kong IPOs

HKBN reboots Hong Kong IPOs

IFR Asia 882 - February 28, 2015

An enthusiastic response to HKBN’s listing of up to HK$5.8bn (US$749m) has injected some welcome excitement in Hong Kong’s lacklustre IPO market.

Alok banks on guarantee facility

Alok banks on guarantee facility

IFR Asia 882 - February 28, 2015

Indian textile manufacturer Alok Industries is making its biggest splash so far in the offshore loan markets, thanks to a credit-enhanced structure already gaining traction with smaller Indian borrowers.

Power giant joins offshore rush

Japanese demand feeds Kangaroo spree

IFR Asia 882 - February 28, 2015

The retreating Australian dollar and the resumption of monetary easing have yet to dampen offshore demand for Kangaroo bonds. Japanese investors, in particular, are turning to Australian dollar debt in the hunt for yield.

Power giant joins offshore rush

Power giant joins offshore rush

IFR Asia 882 - February 28, 2015

China Three Gorges Corp, the operator of the world’s largest hydroelectric power project, is joining a line of state-run Chinese companies looking to issue bonds overseas for the first time.

Garuda eyes sukuk for financial lift

Garuda eyes sukuk for financial lift

IFR Asia 882 - February 28, 2015

National carrier Garuda Indonesia is lining up a benchmark-sized US dollar sukuk that market participants have warned poses a stern test of investor appetite, especially as it is expected to combine the sale with a refinancing or restructuring of other debt.

China fights back on tech IPOs

China fights back on tech IPOs

IFR Asia 882 - February 28, 2015

China plans to allow unprofitable technology companies to list on its mainstream stock markets, in a move that may stem the exodus of fast-growing internet companies to the US.

Yes Bank Chief Executive and Managing Director Rana Kapoor addresses a gathering during the concluding ceremony of the Vibrant Gujarat Summit in Gandhinagar in the western Indian state of Gujarat.

India signals Green potential

IFR Asia 882 - February 28, 2015

The first Green bonds to be denominated in Indian rupees have highlighted the ability of this fairly new market to attract a different set of investors to the country’s domestic debt market.

Low rates draw out Thai issuers

Low rates draw out Thai issuers

IFR Asia 882 - February 28, 2015

Issuers in Thailand are out in force this year to capitalise on low benchmark rates, creating the most vibrant domestic bond market in the region.

Cogard marks property divide

Cogard marks property divide

IFR Asia 882 - February 28, 2015

A reasonably successful bond issue for Chinese property developer Country Garden does not mean fears over the sector have dissipated, bankers and investors have warned.

Customers look at a Hero MotoCorp Karizma motorbike at a Hero MotoCorp showroom in the western Indian city of Ahmedabad.

Indian ECM set for budget boost

IFR Asia 882 - February 28, 2015

High expectations for India’s national budget have sparked a rebound in equity offerings, with recent placements attracting strong demand and a growing pipeline of share sales.

RSS feed for IFR's daily digest of views & news for capital markets professionals

IFR's daily digest of views & news for capital markets professionals

Keith Mullin 475px June 2014

Peer-to-peer lending takes off... P2PABS anyone?

Some thoughts on where this new age funding meme might be going.  

Actavis

Actavis stuns with US$21bn offering

Actavis amassed more than US$90bn of orders for its acquisition finance bond last week – a remarkable feat even in a market that is beginning to take every mega-deal in its stride.

A Banco Santander branch in Valencia

Riotous response for Tier 2 paper

KBC Group attracted a highly respectable €2.5bn book for its €750m Tier 2 bond on Wednesday, but this paled in comparison to the colossal €8bn book for Santander Issuance’s 10-year bullet.

China IPOs

P&M: CSRC suspends IPO sponsorship of Essence Securities

The China Securities Regulatory Commission has suspended the IPO sponsorship licence of Essence Securities for three months, effective March 4 .

Delta

Debt fears in Ukraine become a reality

A bounce in Ukraine’s bonds off recent lows was tempered this week by the emergence of a slew of potential credit events from the country’s sub-sovereign issuers as the economic wreckage from the conflict with Russia is laid bare.

Peters 475px June 2014

Eurozone Sniper

Anthony Peters thinks eurozone QE will be like shooting fish in Mario’s barrel.

IFR

ECB Watch

Divyang Shah on the deposit rate floor for eurozone core and semi-core bonds.

Freddie Mac headquarters

Investors warn over GSE plans for more bonds

Freddie Mac and Fannie Mae are facing calls to wind down their US mortgage footprint more quickly, but some investors say regulators are underestimating the risks of doing so.

Petrobras headquarters in Rio de Janeiro

Brazil woes cast shadow on LatAm corporate bond issuance

With the corruption scandal surrounding Petrobras effectively shutting Brazilian corporates out of the bond markets, bankers say it will be a while before LatAm issuance regains momentum.

Energy XXI Gulf Coast logo

Hungry investors absorb three high-yield trades

Energy XXI Gulf led a busy day which has already seen a total US$2.75bn in high-yield bond supply so far on Thursday.

More from Capital City

Special report

A stuntman spits fire during a performance at a tourist attraction in Kaifeng, Henan province.

Outlook for Asian Credit: Playing with fire

IFR Asia - Outlook for Asian Credit 2015

Asian credit has been enjoying its time in the sun in recent years. Companies across the region have been able to fund their growth plans at low rates, and investors have done well.

Capital City Daily Email

Stay up to date with what's happening in the global capital markets by subscribing to the IFR Capital City daily email. It's completely FREE and you can sign-up by entering your email address below.
Email address:

Bouncing back

IFR Asia 882 - February 28, 2015

Bill Winters is nothing if not shrewd, and that quality is on display again in his decision to take over the reins as CEO of Standard Chartered.

Nasdaq dreams

IFR Asia 882 - February 28, 2015

Last year’s glut of US stock market listings put China’s internet sector well and truly on the global map, but it seems the celebrations weren’t shared by everyone.

Comment and Opinion

Jonathan Rogers

Carry on Down Under

IFR Asia 882 - February 28, 2015

Demand from carry trade investors is presenting new opportunities for the Australia and New Zealand debt markets, says Jonathan Rogers.

China fights back on tech IPOs

China fights back on tech IPOs

IFR Asia 882 - February 28, 2015

China plans to allow unprofitable technology companies to list on its mainstream stock markets, in a move that may stem the exodus of fast-growing internet companies to the US.

RBS slashes investment bank again

IFR Asia 882 - February 28, 2015

RBS is to take the axe to its already shrunken investment bank once again, with plans to pull out of 25 countries and drastically cut assets, as chief executive Rob McEwan speeds up the bank’s retrenchment back to the UK.

India readies crucial bankruptcy reform

IFR Asia 882 - February 28, 2015

India is preparing to make sweeping changes to the way companies in Asia’s third-largest economy work out insolvencies, aimed at removing one of the biggest obstacles to doing business in the country.

Digital Edition

Access a digital edition of the latest print magazine here.

To read the IFR Asia Magazine Digital Edition you will need to enter your details in the login section.

If you have forgotten your password, or would like to find out more about IFR Asia subscriptions, please email rm.clientsupport@thomsonreuters.com.