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Goldman Sachs hires for southeast Asia FIG
Goldman Sachs has poached Srijith Nair from Barclays to lead its southeast Asia financial institutional group business.
19 Apr 2021 -
CCB goes global for sustainability bonanza
China Construction Bank Corp turned to the bond market on Thursday to sell a $2.4bn equivalent multi-currency transaction, with each tranche carrying a socially responsible investment (SRI) label. But recent volatility in the region’s credit market, and the issuer’s own ‘ambiguous’ approach to the trade, posed challenges.
16 Apr 2021 -
SLB fever sweeps FIG market after Berlin Hyp debut
Banks are optimistic that sustainability-linked bonds have a bright future as part of their funding toolkits, after Berlin Hyp became the first financial institution to land a deal in the format this week. More trades are already on the way and market participants are stepping up their efforts to break down the remaining barriers for FIG borrowers.
15 Apr 2021 -
China Huarong’s woes cause pain across Asia’s markets
Fears around the health of China Huarong Asset Management Co rattled investors this week and took a toll on Asia’s bond market. The bad debt manager’s dollar bonds have tumbled, bringing new issuance from China to a near halt and putting pressure on other state-linked credits in the secondary market. Morgan Davis reports.
15 Apr 2021 -
Shinhan continues sustainability momentum
South Korea's Shinhan Bank became the latest Asian bank to sell a sustainability bond this month. It raised $500m from its transaction, but felt some pressure from the risk-off sentiment in the region’s credit market.
15 Apr 2021 -
Guotai Junan seals $500m bond
Guotai Junan Securities Co faced a choppy market backdrop to price a $500m bond on Wednesday, becoming one of only a handful of Chinese issuers to head offshore this week.
15 Apr 2021 -
Jefferies skewers bank ESG ratings for ignoring climate
Several European banks’ noses were put out of joint this week by research from Jefferies, which suggested a very different ranking of banks’ ESG characteristics from that investors usually get from rating providers. The study argued commercial ESG ratings on banks are not fit for purpose.
15 Apr 2021 -
Huarong AMC woes drag on China’s bond market
Fears around the health of China Huarong Asset Management Co have spooked investors this week and taken a toll on Asia’s bond market. The bad debt manager’s dollar bonds have tumbled, bringing new issuance from China to a near halt and putting pressure on other state-linked credits in the secondary market.
14 Apr 2021 -
Investors flock to Mandiri’s inaugural sustainability bond
Indonesia's Bank Mandiri has sold its first sustainability bond, raising $300m after an order book that was more than 10 times subscribed at its peak.
13 Apr 2021 -
UOB uses senior, tier two combo for sustainability bond debut
Singapore’s United Overseas Bank sold its debut sustainability bond on Wednesday, raising $1.5bn and notching a number of other firsts with its deal. Morgan Davis reports.
08 Apr 2021
