GC
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Avic Capital relies on lead manager support for $400m bond
More borrowers navigated Covid-19 related pressure and rising US-China tensions to raise funds from the dollar bond market on Thursday.
29 May 2020 -
Citic Securities finds support for $1bn bond
Citic Securities Co made its first dollar bond outing of the year on Wednesday, raising $1bn from a dual-tranche deal.
28 May 2020 -
Banks enjoy tight pricing for capital in ‘momentum market’
Commerzbank and Crédit Agricole this week showed that banks do not have to pay big premiums for subordinated paper, with investors regaining their appetite for risk during the coronavirus pandemic.
28 May 2020 -
China lowers bar for insurers to buy banks’ perps
The China Banking and Insurance Regulatory Commission (CBIRC) has scrapped a number of restrictions hampering the country's insurers from investing in perpetual bonds sold by smaller banks.
28 May 2020 -
Triple whammy: KDB returns to dollar bonds for third time in 2020
Korea Development Bank raised $1bn from a new bond on Wednesday, marking its third dollar transaction of the year.
28 May 2020 -
Lenders make less money despite Covid-19 loan boom
Some of the largest investment banks made 12% less revenue from lending in the first quarter, despite balance sheet expansion as they supported companies, according to research from analytics firm CRISIL Coalition.
28 May 2020 -
BOC Aviation swoops into bond market for $750m
BOC Aviation leveraged on its ties to its Chinese state-owned parent and its own standalone credentials to raise $750m on Tuesday. It proved that it has access to bond market liquidity at a time when companies focused on aircraft leasing have been hit by the Covid-19 pandemic.
27 May 2020 -
BEA reopens bank capital market for Asia
Bank of East Asia (BEA) sold the first Basel III compliant tier two dollar bond in Asia since the global outbreak of Covid-19. It raised $600m on the back of a book that was more than 8.5 times oversubscribed at its peak.
22 May 2020 -
Bank of America prints debut Covid-19 bond
Bank of America became the first global commercial bank to print a Covid-19 response bond this week.
15 May 2020 -
Investors flock to Mandiri’s dollar bonds
Bank Mandiri has continued the flow of Indonesian dollar bonds in the primary market, raising $500m on Tuesday with just a small 5bp new issue premium.
06 May 2020
