Asia Pacific

Deal pipeline uncertain as fresh volatility erupts from China’s distressed property sector

Pricing is expected around September 7

◆ Lloyds prices first foreign subordinated debt in Singapore dollars since CS’s collapse ◆ Deal offers arbitrage versus G3 markets ◆ NatWest starts marketing senior Kangaroo

◆ No foreign bank has issued subordinated debt in the currency since CS collapse ◆ Local heavyweight showed there is demand for AT1 ◆ Will be issuer's fourth currency outing since Q2 results

IG spreads are still resilient but signs suggest macro headwinds are taking a toll

Singaporean bank captures large orders amid scarcity of Aussie supply, with more foreign lenders to follow

DMO believes investors will be keen, despite expanding gas production

◆ Offshore banks eye August and September window ◆ Aussie dollar pricing comparable to euro curves for some

Deal brings this year’s Kangaroo issuance to over A$25bn

Equity-linked bond market in Europe has been left in the dust by the Americas and Asia-Pacific, baffling bankers

Dalian Wanda sells off, among others, as new concerns surface

Western Australia shows that a heavy reliance on environmentally intensive natural resources is at odds with the highest credit ratings