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Dim sum market surprises as ADBC sees hot demand for rare 10 year
Agricultural Development Bank of China returned to the offshore renminbi market this week with a Rmb5.7bn ($854m) triple-tranche transaction. The deal featured a rare 10 year tenor in the dim sum market, showing the potential for more long-dated CNH funding. Addison Gong reports.
22 Oct 2020 -
ADBC adds 10 year to dim sum curve
Agricultural Development Bank of China returned to the offshore renminbi market this week with a Rmb5.7bn ($854m) triple-tranche transaction that featured a rare 10 year tenor for dim sum bonds.
21 Oct 2020 -
China’s sovereign bond: a missed SRI opportunity
China wowed investors last week with a $6bn 144A bond amid a trade war with the US, but it missed a chance to solidify its credentials in the socially responsible bond market.
20 Oct 2020 -
What trade war? China nabs US bid with 144A
China raised a combined $6bn from a four tranche transaction on Wednesday, turning to US investors for the first time despite rising tensions between the two countries. It appeared a smart move, helping the bonds price well inside fair value. Morgan Davis reports.
15 Oct 2020 -
SSA secondary pricing update: Land NRW and EFSF trade tighter
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, October 12. The source for secondary trading levels is ICE Data Services
13 Oct 2020 -
Thai Exim prices tight dollar market return
Export-Import Bank of Thailand priced its $350m bond inside fair value on Tuesday, riding on its scarcity value in the international market, as well as a reasonably slow week for deal flow in Asia.
07 Oct 2020 -
DBJ plans first SRI bond under updated framework for Covid-19
The Development Bank of Japan will kick-off a series of investor calls on Thursday for its first sustainability bond under its freshly updated framework, which includes assets related to its response to the Covid-19 pandemic.
30 Sep 2020 -
Temasek goes long for dollar return
Singaporean sovereign wealth fund Temasek made a successful return to the dollar bond market on Tuesday, raising $2.75bn from 10 year, 30.5 year and 50 year bonds.
30 Sep 2020 -
Sri Lanka rating cut to Caa1 amid uncertainty
Sri Lanka is facing serious fiscal pressure, a result of the dire economic impact of the coronavirus. That led to a downgrade from Moody’s this week, which lowered its rating by two notches. All three major rating agencies have now downgraded the country this year.
29 Sep 2020 -
Mongolia entices investors with tender, new bond
Mongolia returned to the dollar bond market on Monday, ending a nearly three year hiatus. The sovereign borrower pulled off a $600m liability management exercise that has taken care of the country’s upcoming bond maturities.
29 Sep 2020
