Asia Pacific

A dramatic collapse in the price of oil has forced banks to take a hard look at their lending to companies in the industry. Syndication bankers in Asia told GlobalCapital this week that they plan to reduce their exposure to the sector, and to demand higher returns for the loans that they do accept. Pan Yue reports.

Hong Kong's Wharf Real Estate Investment Company (Wharf REIC) raised $750m from a dual-tranche bond on Tuesday. The issuer was able to take more than it initially intended, while paying a small new issue premium.

The Republic of the Philippines printed one of its largest bonds on record this week at exceptionally tight levels, taking $2.35bn from a dual-tranche deal. The sovereign gave investors what they wanted: long tenors, attractive initial pricing levels and full clarity on the impact of Covid-19 on the country, writes Morgan Davis.

Singapore's Temasek Holdings-backed Clifford Capital has restructured its business, creating a holding company and a new infrastructure loan platform.

Do you remember what it was like to work in an office? Blissfully boring. Those working from home now have to juggle work and personal life — and try not to turn their children into market-savvy scoundrels.

The Singapore Exchange (SGX) and Citic Securities Co have signed an agreement to collaborate across multiple parts of Asia's capital markets.

The Hong Kong Stock Exchange has shaken up its listing division, promoting Stephanie Lau and Katherine Ng to leadership positions.

Whole industries are on their knees, desperate for salvation from governments. Moral outrage fills the air, as fortune's wheel turns plutocrats into mendicants. States have the power of life and death — but they must resist the temptation to play God.

Currency markets helped revenues in HSBC’s global banking and markets division in the first quarter. But along with the rest of the group, it had to take big losses for credit exposures thanks to the coronavirus pandemic.

The China Securities Regulatory Commission (CSRC) has kicked off big reforms to the ChiNext board, in a bid to revive its appeal once again to fast growing and high tech companies that have been favouring the Shanghai’s Star market since its launch last year.

Korea East-West Power Co (EWP) offered no new issue concession for its $500m bond on Monday, but still drew orders of close to $4bn. Its notes only tightened further in the secondary market, showing investors’ support for quality borrowers.

The Republic of the Philippines pushed its bond maturities further this week, selling a 25 year note alongside a 10 year portion. The deal raised a combined $2.35bn, making it one of the country's largest trades.