Asia Pacific
-
ICICI Bank sold its first public Singapore dollar deal on Wednesday, managing to price a longer and larger deal than its two previous private placements in the currency. The seven year tenor went down well with yield-hungry investors and allowed the borrower to price inside its implied curve.
-
The renminbi market development is at the risk of stalling unless the Chinese authorities consider liberalising more cross-border transactions under the capital account, says Deutsche Bank.
-
The French bank is predicting gains in the renminbi and for a substantially widening of the trading band and China moves to rebalance its economy. -
Chinese exports rose much faster than expected in December, prompting some analysts to say the recovery is stronger than thought
-
Commonwealth Bank of Australia has demonstrated how globalised the covered bond market has become by selling almost half of the year’s first dollar covered bond benchmark to European buyers. CBA issued its deal, Australia’s first covered bond of 2013, on Wednesday. The $2bn 0.75% January 2016 was priced at the tight end of guidance at 32bp over mid-swaps and 44bp over US Treasuries through joint leads Barclays, CBA and RBC Capital Markets.
-
Top 3 Offshore RMB DCM Transactions - Last 12-month rolling
-
Commonwealth Bank of Australia is ready to launch the first Australian covered bond of the year, after mandating banks for a benchmark US dollar deal that an official close to the deal told The Cover was likely to come on Wednesday. The Australian covered market is set to be the fastest growing this year, with Fitch predicting up to $37bn of supply.
-
China Guangdong Nuclear Power Holding doubled the size of its November 2015 dim sum deal with a Rmb1.5bn ($240m) increase on January 7.
-
Emerging markets, which have “kept trade moving” and “commodity prices afloat” during the financial crisis are again a source of risk
