Dai-ichi Life is the latest Asian insurance company to tap the dollar market and has opened guidance on a new perpetual bond. It follows hard on the heels of Korean Re, which priced its debut bond on October 14.
China’s Shengjing Bank has filed a preliminary prospectus with the Hong Kong Stock Exchange, with a banker close to the deal suggesting the deal could be for up to $1bn.
Bright Food’s $800m club loan for its purchase Tnuva has been delayed as there is a reassessment of the valuation of the Israeli company after it reported a year on year decline in revenue for the second half of 2014.
- Insurance perps continue with Dai-ichi Life
- Haven status drives investors to KHNP
- Hang Seng and Markit launch new iBoxx RMB family
- Tewoo gets SBLC backing for debut
- Shengjing Bank pitches for HK listing
- Russian companies look to follow Asian debt forays with equity repositioning
- eHi pre-markets $100m NYSE IPO
- Just Dial to make connection for $163m deal
HSBC has named Dojin Kim CEO of its Korean brokerage arm, HSBC Securities in Seoul. The former Goldman Sachs banker will also serve as the head of capital financing for Korea.
Hong Kong Exchanges and Clearing (HKEx) announced on Wednesday that it planned to introduce the first RMB denominated aluminium, zinc and copper mini futures on December 1.
- HSBC boosts Korean securities with new CEO
- Baker & McKenzie beefs up its capital markets with Pong
- Suwanapruti to lead ANZ’s global rates research
You’ve got to hand it to Bank of China. This week it priced the biggest Basel III bank capital deal ever, in what bankers are calling the worst market conditions since 2008. But while the deal was certainly one step forward for Bank of China, it looked like two steps back for the international capital markets.
Don’t switch off. Ebola may not have hit your P&L yet, but it’s going to, soon, and hard, whatever your job is. And look at the charts. The logic is inexorable: the longer we take to overcome the disease, the worse the cost will be – for the global economy and in human life. This is not about a few percentage points of GDP. Modern civilisation itself is at risk.
Alibaba’s record breaking $25bn IPO was supposed to be the trigger that dispelled investor fears about Asian technology companies and opened to door to future listings. But as the volatility in such stocks has shown, investor sentiment in the sector is subject to wild swings. And that is hurting the IPO pipeline.
From The Weekly
- Bank of China prefs pull in whopping $21.8bn orders
- SG puts heat on HK with dual-class shares nod
- Indo names to keep loans busy with infra, expansion needs
- Regulation brings Asian insurance bond issuers out of the woodwork
- SSI opens books for rare $146m Philippine IPO
- Unrated Bohai survives secondary sell-off
- Tata Steel $5.6bn multi trancher in general
Cartoon of the Week
- Total Derivatives: PMI backs CNY bid; plenum nears end
- RMB futures launch in Singapore, turnover exceeds Rmb1.1bn
- Markit iBoxx index to boost liquidity in offshore RMB
- Total Derivatives: one year CNY rate expected to attract payers
- Total Derivatives: CNY curve steeper on PBoC easing news
- Total Derivatives: CNY offered on price data
- Total Derivatives: PBoC repo move steepens CNY curve
- Total Derivatives: CNY curve steepens on risk aversion, data
- Total Derivatives: CNY bid on IMF upgrade
- Total Derivatives: Good CNY belly offers flatten curve
More from Asia
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Asiamoney: September 2014
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Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||Bank of America Merrill Lynch||15,341.19||90||0.00%|
Asian polls & awards
Asiamoney has published the full results of its latest Fixed Income poll. Please use the following links to access the related coverage.
Asiamoney has published the detailed results of its latest FX poll. Please use the following links to access the related coverage.
The region’s leading companies combine astute business models with targeted aggression, a willingness to think long term and confidence to challenge their business models during times of stress. Asiamoney reveals the leading companies and top executives across the region.
The world’s foreign exchange market continues to grow in depth on the back of mounting international trade and investment. ASIAMONEY reveals which banks most impress regional corporates and financial institutions for their capabilities.
Two banks dominated the three main categories of our latest and largest survey of Asia's credit, interest rate and commodities sectors.