Asia Pacific

◆ Deal precedes redemption of AT1 and exacerbates shortage of paper in the currency ◆ Issuer locks in ‘very good’ arb ◆ HSBC’s third trade this week follows sterling covered and senior bonds

Policy lenders say they are monitoring yen pricing after South Korea’s debut

MDB wraps up its largest ever funding programme with a popular deal

Fresh sovereign benchmark is golden opportunity for country's bond issuers

The sovereign's debut issuance could encourage other issuers from the country

◆ NAB chooses faster Euroyen while BNP Paribas goes bigger in Samurai ◆ French deal showed greater 'depth' of domestic market ◆ Low premium paid

Landmark Australian climate settlement removes a stumbling block but action is still needed

◆ French issuer banks on ‘good name recognition’ to price far tighter than euros ◆ Investors now have high exposure to issuer ◆ Foreign subordinated issuance may slow down due to worsening rate moves

◆ Issuers return with solid, but unspectacular deals ◆ CLOs promise a great reset ◆ China’s problems stay in China

Details of Arm's Chinese operations should not have surprised investors, say bankers

Asian borrowers are finding better funding options in Australian dollars and Japanese yen as higher US dollar interest rates bite

Fears of contagion from Chinese defaults yet to shake sentiment