FIG

  • CCB goes global for sustainability bonanza

    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.

  • SLB fever sweeps FIG market after Berlin Hyp debut

    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.

  • China Huarong’s woes cause pain across Asia’s markets

    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.

  • Shinhan continues sustainability momentum

    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.

  • Guotai Junan seals $500m bond

    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.

  • Jefferies skewers bank ESG ratings for ignoring climate

    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.

  • Huarong AMC woes drag on China’s bond market

    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.

FIG Bonds news archive