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  • The coronavirus graphic to watch: UK deaths exceed China's

    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.

  • AIA reopens Asia market with $1bn bond

    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.

  • Yes Bank AT1 write-off: a wake up call

    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.

  • Yes Bank wipes out onshore AT1s to boost capital

    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.

  • ‘Carnage’ in Asian bonds as Covid-19 fears deepen

    ‘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.

  • Covid-19 fears push up Cinda’s funding costs

    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.

  • Pandemic threatens M&A pipeline

    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.

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