SSA - All articles

  • Corp finance chief Wallace to leave HSBC

    HSBC is looking for a new head of corporate finance coverage to replace Matthew Wallace, who is quitting the firm. Meanwhile, Simon Derrick and Michael Ellam have been handed new jobs as the bank reorganises the way it covers investors and public sector institutions. In Asia Pacific, Rami Hayek is leaving his post.

    • 23 Jan 2020
  • Philippines returns to euros with dual-tranche bond

    The Republic of the Philippines hit the market with a pair of euro benchmark bonds on Tuesday, making a rapid comeback to the currency.

    • 22 Jan 2020
  • HK hit with another downgrade as Moody’s slashes rating

    Hong Kong got a blow from Moody’s on Monday after the agency downgraded the special administrative region’s rating to Aa3 from Aa2, largely because of the lack of an effective response from the government to months of volatility. Rashmi Kumar reports.

    • 21 Jan 2020
  • Tight dollar successes for KfW and Canada

    KfW and Canada both launched dollar benchmarks on Wednesday, bringing a pair of highly subscribed and tight deals. Following their success, two Asian SSA issuers prepare to join the busy dollar market.

    • 14 Jan 2020
  • China government debt set to hit new high after record 2019

    China’s government debt last year grew at its fastest pace annually since 2009, while central and local government borrowing shows no signs of slowing.

    • 14 Jan 2020
  • World Bank’s cat bonds a win for all, says analyst

    Catastrophe bonds issued by the World Bank have been positive for both investors and the countries receiving protection from the securities, according to one market veteran. The organisation’s activity in insurance-linked securities has been highly innovative but has also received criticism from some quarters.

    • 09 Jan 2020
  • Laos lands international rating as Moody’s tags it B3

    Lao People's Democratic Republic has taken a step towards selling a public dollar bond in the international market, after gaining its first local and foreign currency issuer ratings from Moody’s on Wednesday.

    • 09 Jan 2020
  • Indonesia jumpstarts 2020 funding with dollars, euros

    The Republic of Indonesia made an opportunistic outing this week, tapping both the dollar and the euro bond markets for about $3bn. The sovereign started the year with a different approach to its annual funding, in a bid to take advantage of strong liquidity in both the currencies, writes Morgan Davis.

    • 08 Jan 2020