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G3 worries could blow cold on Asian bond market rally

September 01, 2010  

From Daniel Flatt

Rising fears of economic stagnation in the US and to a lesser extent Europe could cause international investors to withdraw money from Asia and put it into ultra-safe assets such as US Treasuries, believes Deutsche Bank.

Increasing systemic concerns from Europe and a sharp deceleration in the US manufacturing sector could be the tipping points that compel investors to pull out of the Asian bond market and back into treasuries, strategists at Deutsche Bank believe.

The...


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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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