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Tuesday, 16 January 2018

MOVES-Credit Agricole promotes Cretot

16 January 2018 By Helene Durand

Christophe Cretot has been promoted to head of debt origination and advisory for Asia at Credit Agricole. He was previously deputy head, having joined the bank in 2003.

MOVES-Mizuho picks brokerage head Sakai as CEO

16 January 2018 By Taiga Uranaka

(Reuters) Mizuho Financial Group has picked Tatsufumi Sakai, the head of its brokerage unit, as its next chief executive officer.

MOVES-Pang resurfaces at Deutsche’s loan origination team

16 January 2018 By Chien Mi Wong

Andrew Pang has resurfaced at Deutsche Bank, joining the loan origination team as a director.

MOVES-TPG hires JPM banker in Australia

16 January 2018 By Thomas Blott

Private equity firm TPG Capital has hired a senior investment banker from JP Morgan as it looks to ramp up deal activity this year in Australia.

StanChart sells stake in Vietnam's Asia Commercial Bank

16 January 2018 By Thomas Blott

Standard Chartered has sold its 15% stake in Asia Commercial Bank, brining to an end its 12-year partnership with the Vietnamese bank.

Tata Steel names 21 for US$2.16bn refi

16 January 2018 By Prakash Chakravarti

India’s Tata Steel has selected banks as leads for its plan to raise loans and issue bonds.

Telkom units follow parent for US$1bn borrowing

16 January 2018

Two units of Telekomunikasi Indonesia (Telkom) are seeking separate loans totalling up to US$1bn-equivalent. The pair are following in the footsteps of the parent, which is also seeking a debut euro financing and a rupiah borrowing.

Top Glove seeks maiden acquisition loan

16 January 2018 By Prakash Chakravarti

Top Glove is seeking a US$310m dual-tranche loan to fund the acquisition of a surgical glove maker, according to sources and a company stock exchange filing.

Tascorp reopens semi market

16 January 2018

Tasmanian Public Finance Corp, rated Aa2/AA+ (Moody’s/S&P), has completed the first syndicated semi-government issue of 2018 with a A$400m (US$238m) 10-year bond via joint lead managers ANZ, CBA and Deutsche Bank.

Orocobre plans A$361m equity fundraising

16 January 2018

Australian lithium chemicals producer Orocobre has announced plans to raise A$361m (US$288m) from a A$79m entitlement offer and A$282m from a strategic placement.

All Latest news

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Top Stories from this week's IFR Asia magazine

Released online
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Electronic dreams

IFR Asia 1024 - January 13, 2018

Forcing Indian bond issuers to use electronic bookbuilding may seem like putting the cart before the horse. Done properly, however, it could transform the rupee debt market into one of Asia’s most vibrant local currency markets.

Rebates revisited

IFR Asia 1024 - January 13, 2018

Singapore’s cap on rebates to private banks is the latest bold step to tackle conflicts of interest in its local capital markets. The next step is to improve accountability when things go wrong.

Listing reform boosts HK pipeline

Listing reform boosts HK pipeline

IFR Asia 1024 - January 13, 2018

Hong Kong’s decision to allow dual-class share listings is paying off even before the rules are introduced, with a growing number of Chinese technology companies already seriously looking at IPOs in the city.

Tencent Chairman and CEO Pony Ma attends a news conference announcing the company's results in Hong Kong, China.

Tax reform lets Tencent reprice curve

IFR Asia 1024 - January 13, 2018

Chinese internet giant Tencent Holdings printed its largest offshore bond to date, raising US$5bn in four tranches as hot demand from US investors, due in part to the effects of US tax reform, helped it reprice its curve.

Perps buck rising rates trend

Perps buck rising rates trend

IFR Asia 1024 - January 13, 2018

Investors have snapped up Asia’s first three perpetual bonds of the year, showing their continuing support for undated US dollar securities, despite rising US Treasury yields.

Ajay Tyagi, chairman of Securities and Exchange Board of India (SEBI), speaks at a news conference after its board meeting at SEBI headquarters in Mumbai, India.

India moves more bond sales online

IFR Asia 1024 - January 13, 2018

New rules to bring more Indian bond offerings online will increase transparency, but threaten the role of intermediaries, according to market participants.

Businessmen use their phones as they stand in the central business district of Sydney in Australia.

Aussie majors rush back to bonds

IFR Asia 1024 - January 13, 2018

Australia’s four major banks have locked in almost US$10bn of wholesale funding at tight spreads in the first two weeks of 2018, even though their borrowing requirements are declining.

The logo of the National Australia Bank is displayed outside their headquarters building in central Sydney, Australia.

NAB to introduce Green RMBS

IFR Asia 1024 - January 13, 2018

National Australia Bank is marketing a securitisation of Australian mortgages that will include the first Green RMBS tranche in Asia Pacific, adding to the growing market for environmentally friendly securities Down Under.

Customers look at a model of a new residential compound, at a showroom of Longfor Properties Co. Ltd., in Hangzhou, Zhejiang province.

Chinese developers rush offshore

IFR Asia 1024 - January 13, 2018

Seven Chinese property developers last week sold a combined US$3.375bn of US dollar bonds, raising expectations for another year of heavy supply from the sector.

Liquidity alert for Singapore bonds

Liquidity alert for Singapore bonds

IFR Asia 1024 - January 13, 2018

An unusual disclosure on the first Singapore dollar bond issue of the year has raised concerns over underwriters’ support for the deals they bring to market.

HNA Group CEO Adam Tan gives a speech during the 2017 Asia Game Changer Awards and Gala Dinner in Manhattan, New York, U.S.

HNA in funding talks with SHKP

IFR Asia 1024 - January 13, 2018

Debt-laden HNA Group is in exclusive talks with Hong Kong developer Sun Hung Kai Properties for a loan to help refinance maturing liabilities and develop plots of land in Hong Kong acquired recently.

Vehicles ply inside the Chenani-Nashri Tunnel, Asia's longest bi-directional tunnel, on the Jammu-Srinagar National Highway at Chenani, northeast of Jammu.

IL&FS sells first HY Dim Sum in 16 months

IFR Asia 1024 - January 13, 2018

IL&FS Transportation Network has sold the first high-yield Dim Sum bonds in 16 months, providing more evidence that the offshore renminbi bond market is gaining momentum.

The logo of PT Telekomunikasi Indonesia is seen at the PT Telekomunikasi Indonesia (Telkom) branch office in Jakarta, Indonesia.

Telkom dials up euro debut

IFR Asia 1024 - January 13, 2018

State-owned Telekomunikasi Indonesia has approached banks for its first euro-denominated loan, in a rare example of an Asian borrower tapping the single currency.

Mizuho Bank's signboard is seen in front of Mitsubishi UFJ Financial Group's Bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan.

China welcomes Japanese Pandas

IFR Asia 1024 - January 13, 2018

China’s Panda bond market welcomed its first Japanese issuers last week against the backdrop of improved diplomatic relations between the two countries.

US dollar notes are seen at a Kasikornbank branch in Bangkok, Thailand.

IFR Asia Reg S Bonds Roundtable 2018: The rise of Asia’s own dollar bond market

The growth of the Reg S bond market has been one of the defining trends of the Asian capital markets in recent years. Driven by the seemingly unstoppable rise of Asian wealth – especially deep-pocketed Chinese investors – US dollar bond sales in the region no longer depend on the participation of US institutions.

Ajay Tyagi, chairman of Securities and Exchange Board of India (SEBI), speaks at a news conference after its board meeting at SEBI headquarters in Mumbai, India.

India moves more bond sales online

IFR Asia 1024 - January 13, 2018

New rules to bring more Indian bond offerings online will increase transparency, but threaten the role of intermediaries, according to market participants.

People pass the skyline of the central business district in Singapore.

Singapore limits bond incentives

IFR Asia 1024 - January 13, 2018

Singapore is clamping down on incentives encouraging private banks to sell bonds to wealthy individual clients, in the latest move to tackle conflicts of interest in the local market.

Jonathan Rogers

The Great Moderation is back

IFR Asia 1024 - January 13, 2018

Is the second round of the Great Moderation upon us? You will recall that this refers to the period from the mid-1980s to 2007, when the United States went through a period of low-volatility growth and low inflation. That period encompassed the longest period of economic expansion since the Second World War.

More Special Reports

IFR Asia IMF/World Bank Roundtable
The IMF/World Bank annual meetings this year provided an ideal backdrop for a discussion on the internationalisation of Asia’s capital markets.

IFR Asia RMB Bonds Roundtable
The renminbi bond markets are undergoing a dramatic transformation. As China continues with the gradual internationalisation of the currency, many foreign investors and issuers are getting their first chance to participate in the onshore renminbi market.

IFR Asia Green Bonds Roundtable
Asia’s Green bond market is beginning to bloom. Even in a quiet year for China’s domestic market, the arrival of first-time issuers from the likes of India, Australia and Singapore is adding new depth to the region’s green finance push.

IFR Asia Issue 1000
2017 is a significant year in the history of Asia’s financial markets. It is now 20 years since the devaluation of the Thai baht marked the beginning of a crippling financial crisis that rippled across Asia. It’s also 20 years since Hong Kong returned to Chinese rule, following the handover of the former British colony.

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