Asia Pacific

Rabobank and the Swedish National Housing Finance Corporation have begun marketing yen denominated transactions, taking advantage of the strong demand among Japanese investors that HSBC tapped on Friday.

The slow development of the offshore renminbi swap market could hold back the frenetic growth of bond issuance. For now that might seem like a blessing in disguise, but the swap market will need to develop if the dim sum market is ever to fulfill its huge potential.

HSBC’s five year Samurai deal looks set to reach over ¥100bn ($1.2bn) at the tightest ever spread for the bank, on the back of thin supply in the market and a building cash pile. At the time of writing, the deal was set to close in Japanese trading hours on Friday. SBAB has also filed documentation for a five year Samurai.

HSBC’s five year Samurai deal looks set to reach over ¥100bn at the tightest ever spread for the bank, on the back of thin supply in the market and a building cash pile.

India’s Tata Steel opened the domestic market for corporate hybrid bonds last month. But not content to stop there, this week the company reopened the market, finding a handful of investors eager to buy a Rp7.75bn ($172.74m) bond.

HSBC’s third post-crisis Samurai looks set to be tightest ever for the British bank, with spread guidance of 31bp-33bp over offer-side yen swaps on the fixed rate tranche and 46bp-48bp over yen Libor for the FRN tranche.

Haruhiko Kuroda said that further inflation fighting was just one of a series of challenges for Asian policymakers at the close of the ADB’s annual meeting in Hanoi

Ultra-loose monetary policy in the west and exchange rate inflexibility in emerging economies could spell a devastating inflationary spiral and a hard landing for the global economy, a leading expert has warned

ADB president Haruhiko Kuroda hit out at countries that have shied away from environmental responsibilities at the bank’s annual meeting in Hanoi

Hiroshi Watanabe, a rumoured successor to ADB president Haruhiko Kuroda, is one of the figures poised to define regional development across Asia. In an exclusive interview with Emerging Markets, he discusses his worries for the future

Experts warn of growing signs of a deterioration in Sino-US relations ahead of a key policy meeting in Washington next week