Japanese Tier 1 debt attractive: Morgan Stanley

07 Jun 2010

The US investment bank believes Asian lenders have strong fundamentals and that selected subordinated bank debt offers good value. It particularly favours Japanese Tier 1 bonds.

Asia’s banking sector has strong fundamentals and a sell-off of some credits last month amid Europe’s debt crisis offers a buying opportunity, especially for some Japanese banks, says Morgan Stanley.

In May, median Asian tier one subordinated bond prices retreated by 5.5 basis points(bp) to 8bp, back to ...

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