Asia Pacific
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China Development Bank has made a rare visit to the public Hong Kong dollar bond market, raising HK$4.3bn ($548m) from a triple-tranche floating rate transaction that included a 10 times covered decade-long note. -
In this round-up, Liu He will visit the US at the end of this month, Pan Gongsheng spoke at the China Bond Market International Forum and Bank of China plans to issue the first perpetual bonds in the domestic market.
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Investors in Hong Kong, Singapore, and the US can now begin to trade onshore Chinese bonds through Bloomberg terminals. The new access channel should slowly boost liquidity in China’s secondary bond market, said onshore bankers.
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China-based Maoyan Entertainment, best known for its online movie ticketing platform, kicked off bookbuilding on Friday for a HK$2.7bn ($344.2m) IPO.
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Larry Fink, chief executive of BlackRock, became one of the most namechecked people in the responsible investing movement in 2018 when he affirmed that “Companies must benefit all of their stakeholders, including shareholders, employees, customers and the communities in which they operate.”
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Japanese regulators will implement risk retention rules for securitization at the end of March. The Financial Services Agency is leaning towards the 'eligible vertical interest' model as a solution to allow investors to access both European and US markets.
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Maintaining confidence in the system relies on trust that leaders — those selected for their competence and character to set the course for the rest of us — are well informed, able to communicate with others at their level and take decisions that serve the interests of those they lead.
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Industry body the Futures Industry Association (FIA) has submitted a lengthy letter to the Basel Committee for Banking Supervision (BCBS) lobbying for changes to the leverage ratio and how it interacts with derivatives clearing.
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Hong Kong-listed Lenovo Group has given Asia its first real taste of equity-linked issuance for the year. The firm raked in $675m from its debut convertible bond (CB) after a flood of investors turned out for the deal, and as bankers gear up for more issuance. Jonathan Breen reports.
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The big three international rating agencies have all registered with Chinese regulators so they can join the country’s onshore credit rating industry, but none have started operations yet. Rebecca Feng investigates the reasons behind the holdup.
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The Philippines’ equity capital market came to life this week with two back-to-back overnight transactions, with Puregold Price Club and Ayala Corp in the limelight.
