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Sarasin tips renminbi reform to boost Asia bonds

August 02, 2010  

From Aaron Pan

Shorter-dated emerging market bonds and currencies are expected to benefit from recent reforms to China’s currency exchange rate regime, according to the Swiss private bank.

Investors should consider buying short-term emerging market bonds rather than equities in light of China’s decision to de-peg its currency, according to Swiss private bank Sarasin.

In the last two months Beijing has been increasing the pace of its...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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