Latest News
-
BONDS: China MoF plans another Rmb8bn commemorative issue in HK
-
BONDS: Bank of Scotland fixes A$600m 2yr tap
-
BONDS: Macquarie Univ prices debut A$250m 10yr issue
-
BONDS: BoA, Credit Suisse fix, upsize new issues
-
BONDS: BoA launches new 3yr A$500m MTNs
-
BONDS: Macquarie Univ debuts with 10yr A$200m MTNs
-
BONDS: Wei Fang closes Rmb740m SME MTN notes
-
STRUCTURED FINANCE: Macquarie prices RMBS, upsizes to A$750m
Supply concerns resurface as Westpac starts Samurai rush
Westpac last Friday increased the size of a Samurai bond at the last minute, raising hopes for the long list of financial institutions that are looking to return to the market.
Coastal Road project financing tough sell in Asian market
Philippines toll-road developer and operator Coastal Road surprised its detractors in pricing a delayed US$160m high-yield bond, albeit at a slightly smaller size than initially planned.
-
Boost for Samurai market as Indonesia delays dollar bond
-
Chinese duo keeps open Asian high yield amid poor appetite
-
Asian issuers race to join bond market stampede
-
Stats soars above the crowds with US$600m high-yield return
-
Savvy Temasek impresses with 'opportunistic' sterling debut
-
Kookmin struggles to manoeuvre in crowded Samurai market
Structured Finance
Smart move? Macquarie ABS targets US investors
Macquarie Leasing, a division of Australia’s Macquarie Bank, shifted the structured finance market up a gear last week as it launched a A$661m-equivalent (US$577m) securitisation of Australian auto loans and leases. With nearly 75% of the deal denominated in US dollars, it is the first Australian auto-ABS to be targeted at US investors.
BNZ readies New Zealand’s first covered bond
Bank of New Zealand is likely to tap the markets next week with an up to NZ$500m (US$342m) covered bond issue under a NZ$3bn programme. The deal, the first covered bond from New Zealand, is expected to receive a warm welcome from investors given it’s rarity value, BNZ’s name-recognition and the attractive underlying credit pool.
Islamic
Nomura introduces Islamic bonds to Japan
Nomura Holdings last week completed its first Islamic bond issue, raising US$100m in a surprise Malaysian sukuk that is being hailed as a test case for Islamic finance in Japan.
Third time lucky: UAE bank finally scores in ringgit market with inaugural sukuk
National Bank of Abu Dhabi launched a M$500m (US$154m) five-year Islamic bond last week that shows the gulf is narrowing between Asia’s Islamic finance market and the Middle East.
Domestic
Security package in focus as OUE plans acquisition financing
Last year’s wave of covenant breaches in the Singapore property sector has triggered an unusual side effect: acquisition financings.
Local government bonds in spotlight
In the latest move to address fears of a municipal debt crisis, China has imposed further restrictions on local governments’ access to the bond market. Nethelie Wong reports.
China lowers bond market barriers
China’s central bank laid out its latest set of reforms last week, opening the renminbi bond market to foreign investors a little more. Is this the ’big bang’ that China watchers have been hoping for, or just another small step that will have limited immediate impact? Nethelie Wong reports.
Global ambitions: Philippines readies offshore peso bond
The Republic of the Philippines is looking to raise at least US$500m through its first peso-denominated Global bond, according to the country’s treasurer. It is targeting a 10-year bond and the mandate should be out within a couple of weeks. The deal is heavily contested and the RoP is believed to have shortlisted five or six banks including Citi, Credit Suisse, Deutsche Bank and HSBC. An RFP was sent out to 10-15 banks two weeks ago.