FIG - All articles

  • Philippine supply surges in dollar bond market

    Philippine issuers are flooding the market with dollar bonds, giving investors an unprecedented selection of deals from the country. There is plenty more to come. Morgan Davis reports.

    • 11.45 AM
  • ABC scores $450m in senior deal

    ABC International Holdings raised $450m from a three year bond on Wednesday, thanks in part to backing from the 23 banks that ran its transaction.

    • 11.15 AM
  • Kookmin pays tiny NIP for social first as investor diversification scrutinised

    Kookmin Bank launched its debut euro covered bond on Wednesday, pricing the transaction flat to where its higher rated compatriot, Korea Housing Finance Corporation (KHFC) would have been expected to come. The deal was said to have attracted additional demand due to its social theme, spurring hopes that more similar themed issuance would follow. However some issuers are not convinced the diversification appeal of social bonds is material enough to pursue.

    • 08 Jul 2020
  • BoCom Leasing takes $800m from fixed, FRN combo

    Bank of Communications Financial Leasing Co priced a $800m dual-tranche deal on Tuesday. While it initially wanted to sell just a floating rate note, it added a fixed rate portion too due to investor interest.

    • 08 Jul 2020
  • Metrobank returns to dollars after 14 years

    Metropolitan Bank & Trust Co followed fellow Philippine bank BDO Unibank offshore this week, raising $500m on Tuesday.

    • 08 Jul 2020
  • BDO Unibank cashes in on rarity

    Philippines issuers continued to add to the bond market this week, with BDO Unibank breaking a three-year hiatus for $600m.

    • 07 Jul 2020
  • Shinhan Group funds Covid-19 relief with $500m bond

    Shinhan Financial Group raised $500m from a Covid-19 resilience social bond on Monday, finding support from investors keen to buy deals sold to help businesses and people impacted by the pandemic.

    • 07 Jul 2020
  • Kookmin to debut with euro covered bond as supply scarcity looms

    Kookmin Bank is expected to surface later this week with its first euro covered bond which will fund social housing. The deal is to emerge amid mounting concern that diminishing supply, rising redemptions and aggressive central bank buying will cause an unprecedented technical squeeze in the covered bond market.

    • 06 Jul 2020
  • Issuers turn to sustainable covereds amid uncertainty

    Syndicate bankers are scrambling to make sense of the covered bond market, where sentiment has been changeable in recent weeks. Amid volatility and small issuance windows, sustainable bonds have proven a safe strategy to ensure successful deals.

    • 02 Jul 2020