Asiamoney - Bonds

Bond

2010 2009 2008

HSBC Private Bank backs inflation hedges

12 Mar 2010 Stock & exchange, Real estate, Nations & economies, Bonds, Research report
The private bank’s Asia head of investment strategy, Arjuna Mahendran, notes that while inflation at the consumer price level is yet to become a global phenomenon, he is advising clients to build long-term hedges into their portfolios.
RBS names new country head in Japan

10 Mar 2010 M&A, Stock & exchange, Investment banking, Bonds, Market move
RBS has appointed Ernfred Olsen as country executive and head of global banking and markets for Japan. Olsen joined the lender last month and succeeds Lee Knight, who relocated to Singapore to become head of markets.
UBS captures FICC chief in Taiwan: sources

09 Mar 2010 Structured products, Investment banking, Commodities, Bonds, Foreign exchange, Market move
The Swiss bank is understood to have hired Frank Suen from Citi to be head of fixed income, currencies and commodities for Taiwan. It would be the second veteran Citi banker that UBS has hired in recent weeks.
Citi hires distressed debt head for Asia

09 Mar 2010 Hedge funds, Bonds, Loans, Market move
The bank has appointed John Liptak as head of its Asia-Pacific distressed and special situations group, according to an internal memo. He came from Hong Kong hedge fund Tribridge Capital, and Bank of America before that.
Equity issuance records Asia bounce

08 Mar 2010 M&A, Stock & exchange, Bonds, League table
A total of 32 equity market deals were recorded last week, with Korean life insurers in the mix. The acquisition of AIA Group drove up M&A figures, while debt markets were quieter. Asiamoney.com rounds up the key capital market activity across the region over the past week.
BoA-ML hires senior Deutsche debt banker

04 Mar 2010 Bonds, Loans, Market move
Bank of America-Merrill Lynch has hired Michael Luk from Deutsche to be head of Asia-Pacific debt capital markets. He quit the German bank last week. Rick Stoddard is rumoured to be taking a senior financing role within BoA-ML.
Greek stability seen to boost Asian currencies

04 Mar 2010 Nations & economies, Bonds, Foreign exchange
Markets have responded positively as Greek borrowing costs dropped to their lowest level since mid-February. This positive news is likely to move Asian currencies higher, notes Mitul Kotecha of Credit Agricole CIB.
Liquidity joins labelling in ECB discussions

03 Mar 2010 Nations & economies, Bonds
The European covered bond market needs to reinstate a liquid segment at its core as a means of spurring standardisation, which would make the asset class more attractive and broaden its investor base, Michel Stubbe, head of the markets operations analysis division at the European Central Bank, told The Cover. He stressed that his views do not necessarily reflect the policies of the ECB.
Headwinds threaten Asia’s corporate bond market

03 Mar 2010 Nations & economies, Bonds
Conflicting policy objectives among Asian nations makes investors uncertain about the strength of economic recovery, says Moody’s. Any development not in line with expectations could trigger swift changes in capital flows.
UBS hires FICC co-heads for Asia, say sources

02 Mar 2010 Investment banking, Bonds, Foreign exchange, Market move
The bank is believed to have hired Thomas Siegmund from Nomura and Shahryar Mahbub from Citi to co-head fixed income, currencies and commodities for Asia ex-Japan. It is seen as part of a build out to catch up rivals.
Nomura appoints senior banking duo in India

02 Mar 2010 Investment banking, Bonds, Loans, Foreign exchange, Market move
The firm named Nipun Goel head of investment banking for India and Nitin Jain co-head of fixed income for India. Goel joins from BoA-ML in India, while Jain was most recently CEO of the primary dealership at ICICI Securities.
Asia sees increase in M&A activity

01 Mar 2010 M&A, Stock & exchange, Investment banking, Bonds, League table
There has been a 42% year-on-year rise in regional M&A in 2010, according to data provider Dealogic. Equity and debt issuance is also on the rise. Asiamoney.com reviews last week’s key capital markets activity in Asia.
Crédit Agricole promotes veteran

01 Mar 2010 Structured products, Bonds, Market move
The bank has named Laurent Baumgartner regional head of interest rate derivatives trading for Asia ex-Japan in what it describes as a well-deserved promotion, having been with the firm for 15 years.
Headhunters Poll 2010: full results revealed

25 Feb 2010 M&A, Stock & exchange, Hedge funds, Private equity, Structured products, Investment banking, Bonds, Broking, Polls & awards, Private banking
Asiamoney’s Headhunters Poll 2010 saw some familiar favourites interspersed with new faces rising to the top. We reveal the top recruiters of the past year as voted for by poll respondents, and consider the prospects for 2010.
Further volatility expected in Asia’s credit markets

25 Feb 2010 Nations & economies, Bonds, Loans
The region’s credit markets have remained resilient despite fears about Greece’s fiscal deficits, with markets reacting positively to the US Fed’s discount rate hike. But Nomura’s Dong Nam believes they will give up some of their recent gains.
Japan's bond arranger of the year: Mizuho

23 Feb 2010 Bonds, Polls & awards
Mizuho has long been a force in domestic, euro-yen and Samurai bond financings, and 2009 proved no exception. It earns Asiamoney's award as Japan's best bond arranger of the past year.
Market praises UBS’ move to unite DCM teams

22 Feb 2010 Investment banking, Bonds, Loans, Market move
Observers say the bank’s move to unite debt origination businesses in Asia is smart and will boost revenues. UBS has made a number of DCM appointments in the region, according to an internal memo seen by asiamoney.com.
South Korean debt issues dominate holiday week

22 Feb 2010 M&A, Stock & exchange, Bonds, League table
In all, 16 of 17 corporate investment grade bond deals last week, excluding financials, originated from South Korea. But activity was slow in both equity and M&A markets on the back of the Lunar New Year break.
Japan's deals of the year: international bond

18 Feb 2010 Bonds, Polls & awards
Rapid execution and investor familiarity with JBIC’s name ensured that its US$2.5 billion 2% bonds due 2011 went seamlessly. It wins Asiamoney's award for best international bond in Japan over the past year.
Japan's best deals: local currency bond

18 Feb 2010 Bonds, Polls & awards
Panasonic's three-tranche local bond was the firm's first domestic issue in seven years, offering investors a name diversity they welcomed. It wins Asiamoney's award for best local currency bond in Japan over the past year.
Japan's deals of the year: equity-linked offering

17 Feb 2010 Stock & exchange, Bonds, Polls & awards
Takashimaya's issue of zero-coupon, five-year convertible bonds in October helped to open the door for successive issues out of Japan. It earns Asiamoney's award as Japan's best equity-linked offering over the past year.
Impact of EU fiscal crisis on Asia downplayed

17 Feb 2010 Nations & economies, Bonds, Foreign exchange
Regional equity and currency markets are forecast to rebound despite fears over the potential debt default of several European countries. Analysts say Asia’s economic fundamentals are strong, which should support demand for regional assets.
Opinion: China and India must open their markets

12 Feb 2010 Stock & exchange, Editorial, Bonds
Asia has recovered strongly from the global financial crisis, but China and India must develop their domestic capital markets and allow in more international investors if their economies are to reach their full potential.
Asia’s distressed assets worth up to US$50 billion

11 Feb 2010 Bonds, Loans, Asset management
Income Partners and Deutsche Bank estimate that there are US$40 billion to US$50 billion of potentially distressed assets in Asia and Australia, with many companies avoiding default only because of the low interest rate environment.
Australia bank awards: best debt arranger

11 Feb 2010 Bonds, Securitisation
J.P. Morgan sweeps the prize as the best arranger of international and domestic bonds for Australia. The US bank impressed for its ability to arrange sizeable US dollar deals and place local issues too.
Deutsche targets Asia investors with fixed income ETFs

11 Feb 2010 Bonds, Asset management
The German bank believes central banks and corporates in Asia will invest further in fixed income exchange-traded funds, and has launched three such funds in Singapore.
Selloff in global credits offers Asia opportunities

09 Feb 2010 Bonds
The recent sell-off in Asian credits offers investors an opportunity to buy into select defensive names at appealing yields. Analysts at Nomura highlight four bonds sold last week as particular examples.
Fund manager promotes high-yield debt, currencies

06 Feb 2010 Bonds, Foreign exchange, Asset management
Rajeev De Mello of Western Asset Management believes companies will take advantage of the fact that absolute yield levels in the high-yield debt market are very low. He also highlights opportunities with some Asian currencies.
Australia's deals of the year: local currency bond

05 Feb 2010 Bonds, Polls & awards
The Australian Office of Financial Management invigorated an overlooked form of funding with its A$4 billion inflation-linked bonds due 2025. It wins Asiamoney's award as the best local currency bond in Australia for the last year.
Australia's deals of the year: equity-linked offering

04 Feb 2010 Stock & exchange, Bonds, Polls & awards
The sale of exchangeable bonds to the International Petroleum Investment Co. of Abu Dhabi could influence Papua New Guinea's economic future. It wins our award as best equity-linked offering of the past year.
Australia's deals of the year: international bond

04 Feb 2010 Bonds, Polls & awards
NAB’s euro bond sale was a trend-setter, the first issued by an Australian bank in almost a year. As such it earns Asiamoney's award as the country's best international bond deal of 2009.
Citi bankers upbeat over new Asia issuance

03 Feb 2010 Stock & exchange, Bonds
The US bank’s Asia-Pacific co-heads of markets, David Ratliff and Rodrigo Zorrilla, are predicting strong new equity and debt issuance for the region in 2010. They stress that the macro trends for Asia remain compelling.
Bond markets buoy Asia’s capital market activity

02 Feb 2010 M&A, Stock & exchange, Bonds, League table
Chinese companies dominated debt issuance, although there were some other telling transactions too, with firms taking a fancy to samurai bonds. However, M&A and equity markets remain subdued. Asiamoney.com rounds up last week’s key regional capital market activity.
Deutsche sees 2010 corrections as buying opportunities

02 Feb 2010 Stock & exchange, Energy, Bonds, Foreign exchange, Asset management, Private banking
The bank’s wealth management team is advising clients to be dynamic in asset allocation. It believes the global economy is strong enough to withstand a withdrawal of government stimuli, and urges investors to seize on market dips.
Country deals of the year: Singapore

01 Feb 2010 Bonds, Polls & awards
Temasek Holdings' US$500 million, 30-year bond issue last year cemented its name as a rare but intelligent borrower. It wins Asiamoney's award as Singapore's best transaction of the past year.
Country deals of the year: South Korea

01 Feb 2010 Bonds, Polls & awards
Regular borrower Kexim was the perfect candidate to re-open Asia ex-Japan’s G3 currency debt markets with its US$2 billion, five-year deal last January. It earns our nod as South Korea's best deal of the past year.
Country deals of the year: Philippines

29 Jan 2010 Nations & economies, Bonds, Polls & awards
San Miguel's US$802 million multi-tranche bond issue broke domestic records and finally put to rest the notion that the country's local market could not support a deal of significant size. It earns Asismoney's award as the best deal in the Philippines over the past year.
Country deals of the year: Indonesia

28 Jan 2010 Bonds, Islamic finance, Polls & awards
The Republic of Indonesia's US$650 million Islamic bond last April was a brave move and effectively reopened the international mafket for subsequent Islamic issuers. It earns our award as best Indonesia deal of the past year.
Country deals of the year: India

28 Jan 2010 Stock & exchange, Bonds, Polls & awards
Larsen & Toubro’s US$600 million combined share sale and convertible bond issue was the first of its kind out of India. The innovative transaction earns Asiamoney's nod as India's best deal of the past year.
Opinion: how Indonesia can reach its ratings goal

28 Jan 2010 Nations & economies, Editorial, Bonds
The country has set itself the task of returning to investment grade status in three years. But it needs to answer people’s concerns about transparency first if it is to overcome the many obstacles in its path.
Country deals of the year: Hong Kong

27 Jan 2010 Bonds, Polls & awards
Hutchison Whampoa's US$3 billion dual-tranche bond issue in September stood out during 2009 for timing, size and execution. It duly earns Asiamoney's award as Hong Kong's best deal over the past year.
Morgan Stanley sees yield for credit investors

26 Jan 2010 Bonds, Loans
The bank urges investors to target credits from financial institutions, with valuations compelling in some cases, as well as high-yield bonds, which are increasingly attractive because of improving credit conditions.
Property firms anchor Asia’s M&A market

25 Jan 2010 M&A, Stock & exchange, Bonds, League table
A raft of property-related deals buoyed M&A volumes, while Chinese firms dominated debt markets, and equity markets stayed steady. Asiamoney.com rounds up last week’s capital market activity in Asia-Pacific ex-Japan.
Stability stands Indonesia in good stead

21 Jan 2010 Bonds
Healthy economic growth and improvements in policy framework prompted ratings agency Moody’s to maintain a stable outlook on Indonesia. The news will be viewed favourably by debt investors and bodes well for the nation.
Wealth managers return to in-house products

20 Jan 2010 Stock & exchange, Bonds, Private banking
Private wealth management institutions increased aggregate allocation to in-house products to 40% last year, a rise of 12 percentage points, a survey has found. It comes as firms seek to bolster diminishing margins.
Eleven quit RBS in Australia to join BoA-ML

20 Jan 2010 Commodities, Bonds, Foreign exchange, Market move
RBS saw 10 fixed income traders, sales staff and a personal assistant quit its Sydney office today (January 20). Led by managing director Chris Thomas, all are set to join BoA-ML in May, asiamoney.com can reveal.
Regional rebound forecast for samurai bond market

19 Jan 2010 Bonds
Debt bankers highlight signs that Asia-Pacific’s samurai bond market is opening up having floundered after the 2008 collapse of Lehman Brothers. They expect activity to be more pronounced this year.
Asian markets cough up just two deals of note

18 Jan 2010 M&A, Stock & exchange, Investment banking, Bonds, League table
India’s GTL Infrastructure moves to more than double its network of towers, while Westpac prices a Samurai bond. Asiamoney.com rounds up what was an otherwise slow week for capital market activity in Asia ex-Japan.
LGT urges equity investors to wait for Fed action

14 Jan 2010 Stock & exchange, Commodities, Bonds, Foreign exchange, Private banking
The wealth manager advises clients to stay fully invested in equities as governments and central banks will do whatever is necessary to avoid a deflationary or double-dip scenario. It doesn't expect the Fed to tighten in 2010.
Debt investors advised to do deeper due diligence

14 Jan 2010 Bonds, Loans
Ferrier Hodgson, an accountancy firm specialising in insolvency, notes some investors have wrongly assumed they are senior creditors, and have paid the price. The firm urges them to look beyond standard due diligence.
Dubai’s escape from default escalates sukuk uncertainty

13 Jan 2010 Bonds, Islamic finance
The state’s property developer received a bailout from Abu Dhabi to spare it from defaulting on its debt. But some would like to have seen the default proceed to throw light on investor rights in sukuk issues. Chris Wright reports.
China shows it’s serious about reining in lending

13 Jan 2010 Stock & exchange, Nations & economies, Bonds, Loans, Foreign exchange
By increasing the reserve requirement ratio, the People’s Bank of China has sent out a strong message, and further hikes are expected. Some believe it was motivated to rein in credit growth and to suck liquidity out of the system, with billions in PBoC bills set to mature.
Australian and Korean issuers start 2010 in a rush

11 Jan 2010 M&A, Stock & exchange, Bonds
Asia-Pacific ex-Japan’s debt capital markets got off to a flying start this year, with Australian financial institutions and Korean corporate leading issuance. M&A activity was also buoyant, while equity markets were quiet. We round up last week’s regional capital market business.
Stay invested during quiet first quarter, urges HSBC

06 Jan 2010 Stock & exchange, Commodities, Energy, Bonds, Foreign exchange, Private banking
Arjuna Mahendran, Asia head of investment strategy for HSBC Private Bank, sees 2010 as a year of three halves: a quiet first quarter followed by a potential bull-run and then renewed tightening by central banks at the end.
Credit Suisse bolsters Asia-Pacific fixed income business

06 Jan 2010 Bonds, Broking, Market move
The bank makes two senior appointments in Hong Kong, re-hiring Atsushi Mizuno from Bank of Japan and relocating Bunt Ghosh from London. It is striving to grow its fixed income teams in the region by over 20% in 2010.
Heavyweight banking trio top 2009 tables

04 Jan 2010 M&A, Stock & exchange, Investment banking, Bonds
UBS, Deutsche Bank and Morgan Stanley finished last year as the top bookrunners for Asia ex-Japan equity, debt and M&A transactions, according to Dealogic data.
SocGen names new head of global markets for China

04 Jan 2010 Commodities, Bonds, Foreign exchange, Market move
Société Générale appoints Yang Duan to replace Gilbert Tse, who recently moved to Lyxor Asset Management. Yang joins from Standard Chartered, where he was head of China sales and fixed income.

2010 2009 2008

Sectors

Bond

Most read articles