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The coronavirus graphic to watch: UK deaths exceed China's
UPDATED 5 April 2am GMT The spread of the coronavirus continues to accelerate in the US, UK and Turkey, which we have added to our graphics. Turkey had 2,786 new cases on Friday, bringing its total to over 20,000, the sixth highest in Europe.
05 Apr 2020 -
Guggenheim tops chart as IB revenues shrink
Investment banking revenue in March was lower than normal as the coronavirus pandemic sapped risk appetite — but it was far from a total wipeout.
02 Apr 2020 -
AIA reopens Asia market with $1bn bond
Hong Kong's AIA Group has reopened Asia’s bond market for other quality credits by selling a $1bn deal that offered a generous new issue premium to attract investors.
01 Apr 2020 -
ICBC preps dollar AT1 as peers stay onshore for capital
Industrial and Commercial Bank of China (ICBC) has received the nod to head offshore for capital, at a time when most of its peers have been tapping the liquid domestic market for funds.
25 Mar 2020 -
Shinhan Bank plans dollar bond return
South Korea's Shinhan Bank is hoping to sell a public dollar bond in April, following a virus-linked $50m private placement this month.
24 Mar 2020 -
Yes Bank AT1 write-off: a wake up call
The decision by the Reserve Bank of India to permanently wipe out Yes Bank’s Rp84.15bn ($1.14bn) Basel III-compliant additional tier one bond left the market in awe of the central bank’s tough stance. But it could be just what investors need right now.
19 Mar 2020 -
Yes Bank wipes out onshore AT1s to boost capital
Yes Bank has written down Rp84.15bn ($1.14bn) of its Basel III compliant additional tier one bonds, becoming the first Indian bank to have its AT1 notes bailed in. The move, together with capital injection from a group of banks led by State Bank of India, is expected to give a much-needed boost to the beleaguered firm’s capital ratio.
16 Mar 2020 -
‘Carnage’ in Asian bonds as Covid-19 fears deepen
Asian bonds showed some signs of life mid-week after markets collapsed on Monday. But that reprieve proved to be extremely short-lived, as another round of panic selling on Thursday left issuers with little choice but to put their deals on hold. Morgan Davis and Addison Gong report.
12 Mar 2020 -
Covid-19 fears push up Cinda’s funding costs
China Cinda (HK) Holdings Co priced a $2bn four-tranche transaction on Wednesday, paying a premium to reach its size target as the fast-spreading novel coronavirus, or Covid-19, continued to rattle global markets.
12 Mar 2020 -
Pandemic threatens M&A pipeline
The coronavirus will depress mergers and acquisitions activity, hurt advisory revenues and change the emphasis of deal-making in 2020, writes David Rothnie.
12 Mar 2020
