Thursday, 18 April 2019

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  • Standard Chartered: Deferred prosecution agreement extended

    Standard Chartered has agreed a 10-day extension of its deferred prosecution agreement with United States authorities over Iranian sanctions violations, suggesting the conclusion of a probe into its behavior may be near.

  • Asian high-yield smashes Q1 record

    Asian high-yield smashes Q1 record

    A rebound in risk appetite drove Asian international high-yield bond issuance to a record first quarter, marking a major comeback for the sector after a turbulent end to 2018.

  • Slow start for Asia ECM

    Slow start for Asia ECM

    Asia Pacific equity capital markets got off to their slowest start in three years in the first quarter of 2019 because of uncertainty over US-China trade talks, the government shutdown in the US and volatile market conditions.

  • Deutsche taps Ghattas as replacement for Gearhart

    Deutsche Bank has moved swiftly to appoint Haitham Ghattas as co-head of its financing and solutions group for Asia Pacific after it said Jake Gearhart would relocate to New York.

  • Fitch names Tang head of ESG research

    Fitch has appointed Mervyn Tang head of environmental, social and corporate governance research for its sustainable finance group, based in Hong Kong.

  • Toyota Australia stuns with negative yield

    Toyota Australia stuns with negative yield

    Toyota Finance Australia received a much warmer welcome for its latest European bond offering than it did last year, as it raised €1.15bn (US$1.29bn) from a dual-tranche deal that included €650m of negative-yielding debt.

  • Reserve Bank of India: Second forex swap on April 23

    The Reserve Bank of India said that it will conduct another US$5bn three-year forex swap auction on April 23.

  • Future Land pushes too far

    Future Land pushes too far

    Future Land Development Holdings caused uproar among investors with a US$200m bond that highlighted concerns over aggressive execution practices in Asia’s booming high-yield market.

  • Hibor alternative in review

    Hibor alternative in review

    A move to promote the Hong Kong dollar overnight index average (Honia) as an alternative to the Hong Kong interbank offered rate (Hibor) is running into loan market opposition even as the global switch to new benchmark rates accelerates.

  • Tencent jumbo draws global attention

    Tencent jumbo draws global attention

    Tencent Holdings returned to the dollar market on Wednesday after an over one-year hiatus, launching a US$6bn five-tranche bond that garnered over US$27bn of orders.