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Crisis Talk — Carson Block, CIO of Muddy Waters: ‘If capitalism breaks, it’s capitalists who broke it’
Muddy Waters has fostered a fearsome reputation as a credible, thorough and forceful short seller whose explosive reports are a danger to anyone harbouring a stake in its intended target. Carson Block, its founder and chief investment officer, told GlobalCapital he has never been wrong about a company he’s shorted, though that doesn’t mean he’s made money from every position he has held. According to Block, monetary policies intended to stimulate markets through financial crises actually corrode them, and stifle accountability for serious failures in corporate governance.
11.00 AM -
Ping An builds $600m bond trade
China Ping An Insurance raised $600m in the bond market on Tuesday, after finding strong support from Asian investors during calls on Monday.
08.30 AM -
Hysan takes $400m amid tensions in Hong Kong
Hong Kong property company Hysan Development Co returned to the bond market on Tuesday, raising $400m in spite of the political turbulence that has rocked the special administrative region.
08.15 AM -
Investors seek value in Asia’s bond market
Asia’s investors see plenty of value in the region’s dollar bonds amid the ongoing volatility, but warn that default concerns are rising.
26 May 2020 -
Hong Kong security law: as if we needed more bad news
China’s move to enact a controversial security law in Hong Kong is clearly bad news for the special administrative region. But it will also hurt mainland China.
26 May 2020 -
Bond market steadies as pipeline builds
DCM bankers are expecting a reasonably busy week for deal flow in Asia, as markets slowly stabilise and bond investors try to look past recent volatility.
25 May 2020 -
Capital markets digest Hong Kong ‘death knell’
Hong Kong’s equity markets took a hit on Friday and sentiment soured among bond investors over news that China is considering enacting the national security law in Hong Kong. Bankers have described the possible impact as everything from a “death knell” to a “flash point” for the special administrative region’s markets.
22 May 2020 -
Back with a bang: China’s property developers reopen bond market
Chinese property companies are slowly returning to the dollar bond market, reopening issuance from the sector after a two-month hiatus. Although debt bankers are not predicting a big pick-up in deal flow from these high yield issuers, the lack of supply is giving some borrowers an edge over pricing. Morgan Davis reports.
21 May 2020 -
Henderson Land makes rare bond outing
Henderson Land Development Co took advantage of the strong aftermarket performance of recent bonds sold by its Hong Kong peers to raise $300m from investors on Wednesday.
21 May 2020 -
HongKong Land ends six-year hiatus with $600m bond
Property company HongKong Land made a rare appearance in the dollar bond market on Tuesday, ending a six year hiatus with a $600m trade.
20 May 2020
