Asia Pacific
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Fixed income fund managers have welcomed the recent move by PBoC to allow them into the onshore FX derivatives market, but a few more tweaks to the regulation will help give Beijing what it really craves: a surge in capital inflows to the onshore bond market. -
Singapore Exchange has freed companies to issue up to 100% of their equity capital in rights offerings, an increase from 50% previously.
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A1/A+/A- rated KEB Hana Bank is eyeing to return to the international debt market with a 144A/Reg S transaction, having hired seven firms to arrange a global roadshow.
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The Monetary Authority of Singapore (MAS) has issued a 10 year ban on former Goldman Sachs executive Tim Leissner from its financial sector due to 1MDB-related breaches.
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The Asia bond market came to a near standstill Monday with no new deals launched, as issuers waited cautiously for the US Federal Reserve meeting to conclude on Wednesday.
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A $575m borrowing by CT Corp company, Trans Retail Indonesia, has already received a few commitments, with still some time to go until the deadline.
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ING Life Insurance Korea has secured the OK from Korea Exchange to list through an IPO, according to a KRX announcement.
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Morgan Stanley chose one of its own to take over the role of head of fixed income for Asia ex-Japan, a spokesperson at the bank confirmed.
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PBoC signals further opening up of China’s bond market and promises further bond market reform, and the China Securities Regulatory Commission (CSRC) exposes the first cross-border Stock Connect manipulation case.
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Insurance firm AIA Group’s chief executive Mark Tucker is to succeed Douglas Flint as chairman of HSBC.
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Strict asset encumbrance limits imposed by regulators in Canada and Singapore could be increased, in a move that could improve covered bond supply from the two regions.
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Lenovo Group priced a five year fixed bond and a subordinated perpetual non call five in a soft market on Thursday and on the back of disappointing third quarter results. But investors shrugged off any concerns and poured into the transaction.
