FIG - All articles

  • MUFG seeks model change in quest for growth

    MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.

    • 26 Nov 2020
  • UOB breaks several covered bond records

    United Overseas Bank revitalised the moribund Singaporean covered bond market on Tuesday with the first euro deal in two years and the largest from a Singaporean issuer. The bonds attracted record demand and were priced inside UOB’s curve, showing the extraordinarily receptive state of the market.

    • 24 Nov 2020
  • UOB to issue first Singapore covered bond in two years

    United Overseas Bank has mandated leads for the first euro covered bond benchmark from a Singapore lender since September 2018. The deal takes advantage of the Monetary Authority of Singapore’s (MAS) recent decision to increase covered bond issuance capacity.

    • 23 Nov 2020
  • China’s bank capital market comes of age

    Baoshang Bank’s complete write-down of close to $1bn of tier two debt offers an invaluable lesson to investors in China’s domestic bond market.

    • 17 Nov 2020
  • Baoshang Bank writes off Rmb6.5bn tier two bonds

    Holders of Rmb6.5bn ($984m) of subordinated bonds issued by Inner Mongolia-based Baoshang Bank will lose all their investment after the firm was deemed non-viable by Chinese regulators.

    • 16 Nov 2020
  • SG builds strong books for ‘compelling’ AT1

    Société Générale was set to launch a popular additional tier one deal in the dollar market on Thursday, as investors spied an opportunity to gain a little pick-up over other French bank credits.

    • 12 Nov 2020
  • BoCom debuts new AT1 format in dollar market

    Bank of Communications Co raised $2.8bn from a Basel III-compliant additional tier one (AT1) capital bond on Wednesday, introducing a new perpetual bond format for Chinese banks.

    • 12 Nov 2020
  • Redco uses up bond quota to meet refi needs

    Redco Properties Group has tackled some of its upcoming maturities by selling a new $266m bond to refinance debt.

    • 11 Nov 2020
  • ECB could copy Japan's special rates for reforming banks

    The Bank of Japan has said that it will pay extra on reserves deposited by banks that become more cost efficient or that merge. A similar policy could well be introduced in Europe too, although perhaps with different aims.

    • 10 Nov 2020
  • China Orient prices ‘blowout’ bond on Biden boost

    China Orient Asset Management (International) Holding got nearly $10bn of orders for its $750m dual-tranche bond on Monday as it rode on a big rally in market sentiment after the US elections and its own rarity appeal to investors.

    • 10 Nov 2020
  • Industrial Bank uses blue, Covid labels for bond return

    Industrial Bank Co has locked up more than $800m-equivalent from an international bond sale earmarked for green and social projects.

    • 02 Nov 2020